Advisor Resource Council Purchases Shares of 23,654 iShares Silver Trust (NYSEARCA:SLV)

Advisor Resource Council acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,654 shares of the exchange traded fund’s stock, valued at approximately $672,000.

Several other institutional investors have also added to or reduced their stakes in SLV. Vontobel Holding Ltd. boosted its position in shares of iShares Silver Trust by 106.0% during the third quarter. Vontobel Holding Ltd. now owns 61,402 shares of the exchange traded fund’s stock worth $1,744,000 after buying an additional 31,601 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of iShares Silver Trust by 29.8% in the second quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock valued at $318,000 after purchasing an additional 2,749 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of iShares Silver Trust by 7.9% in the first quarter. Atomi Financial Group Inc. now owns 12,176 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 888 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in iShares Silver Trust by 7.6% during the first quarter. Daiwa Securities Group Inc. now owns 26,750 shares of the exchange traded fund’s stock worth $609,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC bought a new position in iShares Silver Trust in the second quarter valued at $220,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $28.44 on Thursday. The company’s 50-day moving average price is $28.54 and its two-hundred day moving average price is $27.31. iShares Silver Trust has a one year low of $20.07 and a one year high of $31.80. The stock has a market capitalization of $13.35 billion, a PE ratio of -7.01 and a beta of 0.43.

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.