Maridea Wealth Management LLC Buys New Shares in iShares Silver Trust (NYSEARCA:SLV)

Maridea Wealth Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,473 shares of the exchange traded fund’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in iShares Silver Trust during the fourth quarter worth about $25,000. Key Client Fiduciary Advisors LLC raised its stake in shares of iShares Silver Trust by 406.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in shares of iShares Silver Trust by 3,471.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after buying 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 valued at $29,000. Finally, Smartleaf Asset Management LLC increased its holdings in iShares Silver Trust by 671.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 1,115 shares during the last quarter.

iShares Silver Trust Trading Down 1.0 %

NYSEARCA SLV opened at $31.00 on Friday. The firm’s fifty day moving average price is $29.36 and its two-hundred day moving average price is $28.67. iShares Silver Trust has a 1 year low of $22.63 and a 1 year high of $31.80. The firm has a market capitalization of $14.83 billion, a P/E ratio of -8.87 and a beta of 0.73.

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.