SFG Wealth Management LLC. Has $993,000 Position in iShares Silver Trust $SLV

SFG Wealth Management LLC. grew its holdings in iShares Silver Trust (NYSEARCA:SLV) by 94.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,422 shares of the exchange traded fund’s stock after buying an additional 7,497 shares during the quarter. SFG Wealth Management LLC.’s holdings in iShares Silver Trust were worth $993,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Retirement Planning Group LLC increased its position in iShares Silver Trust by 4.2% in the 4th quarter. Retirement Planning Group LLC now owns 15,317 shares of the exchange traded fund’s stock valued at $987,000 after acquiring an additional 619 shares in the last quarter. Morton Capital Management LLC CA raised its position in iShares Silver Trust by 12.5% in the 4th quarter. Morton Capital Management LLC CA now owns 8,873 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 988 shares during the last quarter. D.B. Root & Company LLC raised its position in iShares Silver Trust by 10.8% in the 4th quarter. D.B. Root & Company LLC now owns 9,671 shares of the exchange traded fund’s stock worth $623,000 after purchasing an additional 942 shares during the last quarter. Patton Albertson Miller Group LLC acquired a new position in iShares Silver Trust during the 4th quarter worth $434,000. Finally, Plan Group Financial LLC lifted its holdings in iShares Silver Trust by 12.9% during the 4th quarter. Plan Group Financial LLC now owns 68,751 shares of the exchange traded fund’s stock worth $4,429,000 after buying an additional 7,839 shares in the last quarter.

iShares Silver Trust Stock Up 6.4%

Shares of SLV opened at $70.13 on Thursday. The firm has a market capitalization of $39.69 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $29.09 and a 12-month high of $109.83. The stock’s fifty day simple moving average is $70.46 and its 200-day simple moving average is $65.27.

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. 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.