Independent Advisor Alliance Buys 51,713 Shares of iShares Silver Trust (NYSEARCA:SLV)

Independent Advisor Alliance grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 88.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,056 shares of the exchange traded fund’s stock after buying an additional 51,713 shares during the period. Independent Advisor Alliance’s holdings in iShares Silver Trust were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vontobel Holding Ltd. increased its position in iShares Silver Trust by 106.0% in the third quarter. Vontobel Holding Ltd. now owns 61,402 shares of the exchange traded fund’s stock worth $1,744,000 after purchasing an additional 31,601 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in iShares Silver Trust by 29.8% in the second quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock worth $318,000 after purchasing an additional 2,749 shares during the last quarter. Inspirion Wealth Advisors LLC bought a new stake in iShares Silver Trust in the second quarter worth $220,000. ORG Partners LLC bought a new stake in iShares Silver Trust in the second quarter worth $39,000. Finally, Tidal Investments LLC increased its position in iShares Silver Trust by 7.0% in the first quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock worth $381,000 after purchasing an additional 1,110 shares during the last quarter.

iShares Silver Trust Stock Down 2.9 %

SLV stock opened at $27.64 on Tuesday. iShares Silver Trust has a twelve month low of $20.07 and a twelve month high of $31.80. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm’s fifty day simple moving average is $28.98 and its two-hundred day simple moving average is $27.63.

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.