Pinnacle Wealth Management Advisory Group LLC Takes $498,000 Position in iShares Silver Trust $SLV

Pinnacle Wealth Management Advisory Group LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,733 shares of the exchange traded fund’s stock, valued at approximately $498,000.

A number of other institutional investors also recently made changes to their positions in SLV. Brighton Jones LLC boosted its position in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares during the period. Bison Wealth LLC purchased a new stake in iShares Silver Trust during the 4th quarter valued at $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust during the 1st quarter valued at $443,000. Schnieders Capital Management LLC. boosted its position in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 1,300 shares during the period. Finally, First Trust Advisors LP purchased a new stake in iShares Silver Trust during the 2nd quarter valued at $886,000.

iShares Silver Trust Stock Down 0.0%

Shares of SLV opened at $65.91 on Wednesday. The stock has a market capitalization of $37.31 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm has a fifty day simple moving average of $70.67 and a two-hundred day simple moving average of $65.13. iShares Silver Trust has a twelve month low of $29.09 and a twelve month high of $109.83.

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About iShares Silver Trust

(Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

Further Reading

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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