7,733 Shares in iShares Silver Trust $SLV Purchased by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLVFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 7,733 shares of the exchange traded fund’s stock, valued at approximately $498,000.

Several other institutional investors also recently modified their holdings of SLV. Brighton Jones LLC increased its stake in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new position in shares of iShares Silver Trust in the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC bought a new position in shares of iShares Silver Trust in the 1st quarter worth about $443,000. Schnieders Capital Management LLC. increased its stake in shares of iShares Silver Trust by 15.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of iShares Silver Trust in the 2nd quarter worth about $886,000.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $65.91 on Wednesday. The company has a 50-day moving average of $70.67 and a 200 day moving average of $65.13. The firm has a market cap of $37.31 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 1 year low of $29.09 and a 1 year high of $109.83.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust 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.

Further Reading

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

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

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.