Independent Advisor Alliance Purchases 51,713 Shares of iShares Silver Trust (NYSEARCA:SLV)

Independent Advisor Alliance raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 88.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,056 shares of the exchange traded fund’s stock after acquiring an additional 51,713 shares during the period. Independent Advisor Alliance’s holdings in iShares Silver Trust were worth $3,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in shares of iShares Silver Trust by 9.1% during the first quarter. Lazard Asset Management LLC now owns 17,084 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 1,430 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of iShares Silver Trust by 4.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 106,184 shares of the exchange traded fund’s stock valued at $2,416,000 after purchasing an additional 4,524 shares during the period. Creekmur Asset Management LLC boosted its stake in shares of iShares Silver Trust by 6.8% during the first quarter. Creekmur Asset Management LLC now owns 10,246 shares of the exchange traded fund’s stock valued at $233,000 after purchasing an additional 650 shares during the period. Tidal Investments LLC boosted its stake in shares of iShares Silver Trust by 7.0% during the first quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 1,110 shares during the period. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of iShares Silver Trust by 29.5% during the first quarter. Jaffetilchin Investment Partners LLC now owns 20,177 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 4,594 shares during the period.

iShares Silver Trust Trading Down 2.9 %

Shares of SLV opened at $27.64 on Tuesday. iShares Silver Trust has a 12-month low of $20.07 and a 12-month high of $31.80. The firm has a fifty day moving average price of $28.98 and a 200-day moving average price of $27.63. The firm has a market capitalization of $12.97 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.