Miller Financial Services LLC Invests $1.27 Million in iShares Silver Trust (NYSEARCA:SLV)

Miller Financial Services LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 48,029 shares of the exchange traded fund’s stock, valued at approximately $1,265,000. iShares Silver Trust makes up 1.1% of Miller Financial Services LLC’s investment portfolio, making the stock its 26th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in shares of iShares Silver Trust in the 4th quarter valued at approximately $25,000. Key Client Fiduciary Advisors LLC raised its stake in shares of iShares Silver Trust by 406.5% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of iShares Silver Trust by 3,471.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 972 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of iShares Silver Trust in the 4th quarter valued at approximately $29,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of iShares Silver Trust by 671.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 1,115 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $29.11 on Tuesday. The stock’s 50 day simple moving average is $28.37 and its 200 day simple moving average is $28.25. iShares Silver Trust has a twelve month low of $21.97 and a twelve month high of $31.80. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.