Transcendent Capital Group LLC Makes New $26,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

Transcendent Capital Group LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,200 shares of the exchange traded fund’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. VisionPoint Advisory Group LLC bought a new position in shares of iShares Silver Trust in the third quarter valued at $25,000. Asset Dedication LLC raised its position in shares of iShares Silver Trust by 180.5% during the third quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 928 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at $34,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter valued at $34,000. Finally, BKM Wealth Management LLC purchased a new position in iShares Silver Trust in the 4th quarter worth about $38,000.

iShares Silver Trust Price Performance

NYSEARCA SLV traded up $0.58 on Friday, hitting $27.01. 25,973,295 shares of the company were exchanged, compared to its average volume of 25,210,201. iShares Silver Trust has a twelve month low of $18.97 and a twelve month high of $29.56. The firm has a market capitalization of $12.68 billion, a P/E ratio of -7.01 and a beta of 0.43. The company’s 50 day moving average price is $26.44 and its 200-day moving average price is $23.36.

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.