Independent Advisor Alliance Grows Stake in iShares Silver Trust (NYSEARCA:SLV)

Independent Advisor Alliance boosted its position in iShares Silver Trust (NYSEARCA:SLV) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,390 shares of the exchange traded fund’s stock after purchasing an additional 2,334 shares during the period. Independent Advisor Alliance’s holdings in iShares Silver Trust were worth $2,959,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake in iShares Silver Trust by 30.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,050 shares of the exchange traded fund’s stock valued at $1,081,000 after purchasing an additional 9,500 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in iShares Silver Trust by 8.9% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 48,286 shares of the exchange traded fund’s stock valued at $1,271,000 after purchasing an additional 3,946 shares in the last quarter. Sowell Financial Services LLC increased its stake in iShares Silver Trust by 34.6% in the 4th quarter. Sowell Financial Services LLC now owns 97,690 shares of the exchange traded fund’s stock valued at $2,572,000 after purchasing an additional 25,113 shares in the last quarter. Jackson Hole Capital Partners LLC increased its stake in iShares Silver Trust by 21.5% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 67,729 shares of the exchange traded fund’s stock valued at $1,783,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased its position in iShares Silver Trust by 55.8% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,163 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 5,790 shares in the last quarter.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $30.22 on Thursday. The stock has a fifty day moving average of $28.58 and a two-hundred day moving average of $28.31. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a fifty-two week low of $22.26 and a fifty-two week high of $31.80.

iShares Silver Trust Company Profile

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.