Pettinga Financial Advisors LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,860 shares of the exchange traded fund’s stock after acquiring an additional 658 shares during the period. Pettinga Financial Advisors LLC’s holdings in iShares Silver Trust were worth $3,093,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its stake in shares of iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 372 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in iShares Silver Trust in the third quarter worth about $28,000. Triad Wealth Partners LLC acquired a new position in iShares Silver Trust in the second quarter worth about $29,000. Jamison Private Wealth Management Inc. bought a new position in iShares Silver Trust during the third quarter worth about $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in iShares Silver Trust during the second quarter valued at approximately $32,000.
iShares Silver Trust Trading Down 0.2 %
Shares of SLV opened at $30.63 on Friday. The stock has a market cap of $14.38 billion, a PE 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 stock has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $27.07.
About iShares Silver Trust
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.
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