IFP Advisors Inc Purchases 1,096 Shares of iShares Silver Trust (NYSEARCA:SLV)

IFP Advisors Inc raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,735 shares of the exchange traded fund’s stock after acquiring an additional 1,096 shares during the quarter. IFP Advisors Inc’s holdings in iShares Silver Trust were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have 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 fourth quarter worth about $25,000. Key Client Fiduciary Advisors LLC lifted its holdings in shares of iShares Silver Trust by 406.5% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of iShares Silver Trust by 3,471.4% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 972 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth about $29,000. Finally, Hantz Financial Services Inc. bought a new position in shares of iShares Silver Trust in the fourth quarter worth about $35,000.

iShares Silver Trust Trading Down 0.3 %

SLV stock opened at $28.31 on Monday. The stock has a market capitalization of $13.52 billion, a P/E ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a 12 month low of $20.61 and a 12 month high of $31.80. The firm has a 50-day moving average price of $28.14 and a 200-day moving average price of $28.16.

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.