Ballew Advisors Inc Makes New $942,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

Ballew Advisors Inc purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,930 shares of the exchange traded fund’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in iShares Silver Trust in the 4th quarter worth $25,000. Spartan Fund Management Inc. bought a new position in shares of iShares Silver Trust in the third quarter worth about $28,000. Jamison Private Wealth Management Inc. purchased a new stake in shares of iShares Silver Trust during the third quarter worth about $31,000. Key Client Fiduciary Advisors LLC raised its stake in iShares Silver Trust by 91.6% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 5,187 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 2,480 shares during the period. Finally, Peoples Bank KS lifted its holdings in iShares Silver Trust by 334.5% in the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 970 shares in the last quarter.

iShares Silver Trust Price Performance

SLV stock opened at $27.61 on Friday. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1-year low of $20.07 and a 1-year high of $31.80. The business has a 50 day simple moving average of $27.63 and a two-hundred day simple moving average of $27.68.

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.