Souders Financial Advisors Invests $489,000 in iShares Silver Trust $SLV

Souders Financial Advisors acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,584 shares of the exchange traded fund’s stock, valued at approximately $489,000.

A number of other hedge funds have also modified their holdings of the business. Legacy Edge Advisors LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $282,000. Partners in Financial Planning purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $241,000. Ellis Investment Partners LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $208,000. Advanced Asset Management Advisors Inc purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $273,000. Finally, Broussard Financial Group LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $4,742,000.

iShares Silver Trust Price Performance

Shares of SLV opened at $68.29 on Monday. The firm has a 50 day simple moving average of $70.88 and a 200-day simple moving average of $65.00. iShares Silver Trust has a 1-year low of $29.04 and a 1-year high of $109.83. The stock has a market cap of $38.65 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

Key Stories Impacting iShares Silver Trust

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iShares Silver Trust Company Profile

(Free Report)

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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