Ignite Planners LLC Acquires New Shares in iShares Silver Trust (NYSEARCA:SLV)

Ignite Planners LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 11,522 shares of the exchange traded fund’s stock, valued at approximately $327,000.

Other hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at $26,000. AlphaMark Advisors LLC boosted its holdings in shares of iShares Silver Trust by 57.2% during the 2nd 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 in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter valued at $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter valued at $32,000. Finally, West Oak Capital LLC boosted its holdings in shares of iShares Silver Trust by 102.3% during the 2nd 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 in the last quarter.

iShares Silver Trust Stock Down 3.2 %

Shares of NYSEARCA:SLV opened at $28.00 on Wednesday. The firm has a market cap of $13.14 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12-month low of $19.80 and a 12-month high of $30.07. The business has a fifty day simple moving average of $26.96 and a 200 day simple moving average of $26.56.

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.