Sowell Financial Services LLC Has $2.57 Million Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Sowell Financial Services LLC boosted its stake in iShares Silver Trust (NYSEARCA:SLV) by 34.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 97,690 shares of the exchange traded fund’s stock after buying an additional 25,113 shares during the period. Sowell Financial Services LLC’s holdings in iShares Silver Trust were worth $2,572,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in iShares Silver Trust in the 4th quarter valued at about $25,000. McClarren Financial Advisors Inc. grew its position in shares of iShares Silver Trust by 3,471.4% during the 4th 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 acquired a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its position in shares of iShares Silver Trust by 671.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $35,000.

iShares Silver Trust Stock Down 0.3 %

Shares of NYSEARCA:SLV opened at $29.59 on Monday. The company’s 50 day moving average price is $28.37 and its two-hundred day moving average price is $28.25. iShares Silver Trust has a 12-month low of $21.97 and a 12-month high of $31.80. The firm has a market cap of $14.13 billion, a PE ratio of -8.33 and a beta of 0.74.

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.