Empower Advisory Group LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,391 shares of the exchange traded fund’s stock, valued at approximately $221,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SLV. Eagle Bay Advisors LLC purchased a new stake in iShares Silver Trust during the fourth quarter worth $25,000. Key Client Fiduciary Advisors LLC boosted its position in iShares Silver Trust by 406.5% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in iShares Silver Trust by 3,471.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in iShares Silver Trust during the fourth quarter worth $29,000. Finally, Hantz Financial Services Inc. purchased a new stake in iShares Silver Trust during the fourth quarter worth $35,000.
iShares Silver Trust Stock Performance
SLV opened at $29.95 on Friday. The business’s fifty day moving average is $27.94 and its two-hundred day moving average is $27.95. The company has a market cap of $14.06 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a one year low of $20.45 and a one year high of $31.80.
About iShares Silver Trust
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.
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