GM Advisory Group LLC Makes New Investment in iShares Silver Trust (NYSEARCA:SLV)

GM Advisory Group LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 27,230 shares of the exchange traded fund’s stock, valued at approximately $774,000.

Several other institutional investors and hedge funds have also modified their holdings of SLV. NWI Management LP raised its position in iShares Silver Trust by 10,526.6% in the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after buying an additional 5,263,305 shares during the last quarter. Meitav Investment House Ltd. bought a new stake in shares of iShares Silver Trust during the 2nd quarter worth approximately $45,688,000. RIA Advisory Group LLC acquired a new position in iShares Silver Trust during the third quarter worth $20,773,000. Cetera Investment Advisers lifted its stake in iShares Silver Trust by 842.7% in the 1st quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after purchasing an additional 730,121 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in iShares Silver Trust by 3,449.3% in the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after purchasing an additional 524,609 shares during the last quarter.

iShares Silver Trust Stock Down 0.2 %

Shares of NYSEARCA SLV opened at $28.04 on Friday. The business’s 50 day moving average price is $28.98 and its two-hundred day moving average price is $27.56. The company has a market cap of $13.16 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a twelve month low of $20.07 and a twelve month high of $31.80.

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.