PFG Advisors Increases Stake in iShares Silver Trust (NYSEARCA:SLV)

PFG Advisors raised its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 125.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,025 shares of the exchange traded fund’s stock after buying an additional 15,580 shares during the quarter. PFG Advisors’ holdings in iShares Silver Trust were worth $738,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in iShares Silver Trust during the fourth quarter worth about $25,000. Key Client Fiduciary Advisors LLC boosted its holdings in shares of iShares Silver Trust by 406.5% during the 4th 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 during the last quarter. McClarren Financial Advisors Inc. boosted its holdings 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 during 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. Finally, Smartleaf Asset Management LLC boosted its holdings 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 during the last quarter.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $30.71 on Friday. The stock has a market cap of $14.66 billion, a P/E ratio of -8.33 and a beta of 0.74. The stock’s 50 day simple moving average is $28.65 and its 200-day simple moving average is $28.32. iShares Silver Trust has a 1-year low of $22.29 and a 1-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.