Miller Financial Services LLC Makes New $1.27 Million Investment in iShares Silver Trust (NYSEARCA:SLV)

Miller Financial Services LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, HoldingsChannel reports. The firm purchased 48,029 shares of the exchange traded fund’s stock, valued at approximately $1,265,000. iShares Silver Trust makes up 1.1% of Miller Financial Services LLC’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of iShares Silver Trust by 55.8% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,163 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 5,790 shares in the last quarter. Savant Capital LLC grew its holdings in shares of iShares Silver Trust by 26.8% during the 4th quarter. Savant Capital LLC now owns 13,245 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 2,803 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $220,000. ROI Financial Advisors LLC grew its holdings in shares of iShares Silver Trust by 64.0% during the 3rd quarter. ROI Financial Advisors LLC now owns 27,239 shares of the exchange traded fund’s stock worth $774,000 after purchasing an additional 10,626 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of iShares Silver Trust by 46.4% during the 3rd quarter. FMR LLC now owns 16,201 shares of the exchange traded fund’s stock worth $460,000 after purchasing an additional 5,135 shares in the last quarter.

iShares Silver Trust Trading Down 1.6 %

Shares of NYSEARCA:SLV opened at $29.11 on Tuesday. iShares Silver Trust has a 1-year low of $21.97 and a 1-year high of $31.80. The firm has a market capitalization of $13.90 billion, a PE ratio of -8.33 and a beta of 0.74. The business’s 50 day moving average is $28.37 and its 200-day moving average is $28.25.

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.