RIA Advisory Group LLC Makes New $20.77 Million Investment in iShares Silver Trust (NYSEARCA:SLV)

RIA Advisory Group LLC bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the third quarter, Holdings Channel.com reports. The fund bought 731,174 shares of the exchange traded fund’s stock, valued at approximately $20,773,000. iShares Silver Trust accounts for 7.3% of RIA Advisory Group LLC’s portfolio, making the stock its 4th largest position.

A number of other large investors have also recently made changes to their positions in SLV. Vontobel Holding Ltd. lifted its holdings in iShares Silver Trust by 106.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 61,402 shares of the exchange traded fund’s stock valued at $1,744,000 after buying an additional 31,601 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of iShares Silver Trust by 29.8% during the second quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock worth $318,000 after acquiring an additional 2,749 shares during the period. Inspirion Wealth Advisors LLC bought a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $220,000. ORG Partners LLC purchased a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $39,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in iShares Silver Trust by 24.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 22,673 shares of the exchange traded fund’s stock worth $516,000 after purchasing an additional 4,479 shares in the last quarter.

iShares Silver Trust Stock Down 0.9 %

SLV opened at $27.57 on Friday. The stock’s fifty day moving average is $28.82 and its two-hundred day moving average is $27.44. The company has a market capitalization of $12.94 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52 week low of $20.07 and a 52 week high of $31.80.

iShares Silver Trust 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.