Fiduciary Alliance LLC Purchases 1,453 Shares of iShares Silver Trust (NYSEARCA:SLV)

Fiduciary Alliance LLC lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,250 shares of the exchange traded fund’s stock after purchasing an additional 1,453 shares during the period. Fiduciary Alliance LLC’s holdings in iShares Silver Trust were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC boosted its position in shares of iShares Silver Trust by 57.2% in the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 372 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter worth approximately $29,000. Strategic Financial Concepts LLC bought a new position in iShares Silver Trust in the second quarter valued at approximately $32,000. West Oak Capital LLC increased its stake in iShares Silver Trust by 102.3% in the second quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 655 shares during the last quarter. Finally, Peoples Bank KS raised its position in iShares Silver Trust by 334.5% during the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 970 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $28.54 on Tuesday. iShares Silver Trust has a 52-week low of $20.07 and a 52-week high of $30.07. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business’s fifty day moving average is $27.16 and its 200-day moving average is $26.73.

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.