Great Valley Advisor Group Inc. Increases Position in iShares Silver Trust (NYSEARCA:SLV)

Great Valley Advisor Group Inc. increased its position in iShares Silver Trust (NYSEARCA:SLV) by 14.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,020 shares of the exchange traded fund’s stock after purchasing an additional 3,110 shares during the period. Great Valley Advisor Group Inc.’s holdings in iShares Silver Trust were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SLV. Friedenthal Financial bought a new stake in iShares Silver Trust during the second quarter worth approximately $124,000. Burke & Herbert Bank & Trust Co. purchased a new position in iShares Silver Trust during the 2nd quarter worth approximately $276,000. EWG Elevate Inc. purchased a new position in iShares Silver Trust during the 2nd quarter worth approximately $220,000. Roman Butler Fullerton & Co. purchased a new position in shares of iShares Silver Trust during the 2nd quarter valued at $553,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of iShares Silver Trust by 29.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock valued at $318,000 after acquiring an additional 2,749 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA:SLV traded down $0.48 during trading hours on Wednesday, reaching $24.94. The company’s stock had a trading volume of 9,735,497 shares, compared to its average volume of 23,102,832. The company has a market cap of $11.71 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56. The business’s 50-day moving average is $26.76 and its 200-day moving average is $24.89.

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.