IPG Investment Advisors LLC increased its stake in iShares Silver Trust (NYSEARCA:SLV) by 52.4% in the 4th quarter, Holdings Channel reports. The firm owned 27,170 shares of the exchange traded fund’s stock after acquiring an additional 9,340 shares during the period. IPG Investment Advisors LLC’s holdings in iShares Silver Trust were worth $434,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Valeo Financial Advisors LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth $133,000. Bank of the Ozarks acquired a new stake in iShares Silver Trust during the 3rd quarter worth $157,000. Sowell Financial Services LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth $166,000. CFO4Life Group LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth $174,000. Finally, Lenox Wealth Management Inc. grew its holdings in iShares Silver Trust by 66.7% during the 3rd quarter. Lenox Wealth Management Inc. now owns 11,246 shares of the exchange traded fund’s stock worth $177,000 after acquiring an additional 4,500 shares during the period.
Shares of iShares Silver Trust (NYSEARCA SLV) opened at $15.57 on Tuesday. iShares Silver Trust has a fifty-two week low of $14.44 and a fifty-two week high of $17.59. The company has a market cap of $5,190.00 and a price-to-earnings ratio of -6.54.
iShares Silver Trust Company 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.
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