Stonebridge Financial Group LLC Invests $29,000 in iShares Silver Trust (NYSEARCA:SLV)

Stonebridge Financial Group LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,100 shares of the exchange traded fund’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLV. Eagle Bay Advisors LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $25,000. Spartan Fund Management Inc. purchased a new position in iShares Silver Trust during the 3rd quarter worth $28,000. Hantz Financial Services Inc. bought a new stake in shares of iShares Silver Trust in the 4th quarter worth $35,000. Belmont Capital LLC raised its holdings in shares of iShares Silver Trust by 53.6% in the third quarter. Belmont Capital LLC now owns 1,501 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 524 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new position in shares of iShares Silver Trust during the fourth quarter valued at about $47,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $29.31 on Friday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52-week low of $20.45 and a 52-week high of $31.80. The company has a 50-day simple moving average of $27.86 and a two-hundred day simple moving average of $27.85.

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.