Independent Wealth Network Inc. Buys 4,630 Shares of iShares Silver Trust (NYSEARCA:SLV)

Independent Wealth Network Inc. lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 90,516 shares of the exchange traded fund’s stock after acquiring an additional 4,630 shares during the period. iShares Silver Trust comprises about 1.0% of Independent Wealth Network Inc.’s holdings, making the stock its 24th biggest position. Independent Wealth Network Inc.’s holdings in iShares Silver Trust were worth $2,383,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SLV. Eagle Bay Advisors LLC bought a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $25,000. Spartan Fund Management Inc. bought a new stake in shares of iShares Silver Trust in the third quarter valued at about $28,000. Jamison Private Wealth Management Inc. acquired a new position in iShares Silver Trust in the third quarter worth about $31,000. Key Client Fiduciary Advisors LLC raised its position in iShares Silver Trust by 91.6% in the third quarter. Key Client Fiduciary Advisors LLC now owns 5,187 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 2,480 shares in the last quarter. Finally, Peoples Bank KS raised its position in iShares Silver Trust by 334.5% in the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 970 shares in the last quarter.

iShares Silver Trust Stock Up 0.0 %

NYSEARCA:SLV opened at $28.05 on Thursday. iShares Silver Trust has a 12-month low of $20.11 and a 12-month high of $31.80. The firm has a market capitalization of $13.17 billion, a PE ratio of -7.01 and a beta of 0.43. The firm has a 50-day moving average price of $27.63 and a 200 day moving average price of $27.67.

About iShares Silver Trust

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.