Captrust Financial Advisors Increases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Captrust Financial Advisors raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 182,354 shares of the exchange traded fund’s stock after acquiring an additional 5,748 shares during the period. Captrust Financial Advisors’ holdings in iShares Silver Trust were worth $5,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Spartan Fund Management Inc. purchased a new stake in iShares Silver Trust during the third quarter valued at $28,000. AlphaMark Advisors LLC increased its holdings in shares of iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 372 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $29,000. Jamison Private Wealth Management Inc. purchased a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $31,000. Finally, Peoples Bank KS lifted its holdings in shares of iShares Silver Trust by 334.5% in the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 970 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $28.27 on Wednesday. iShares Silver Trust has a 1-year low of $20.07 and a 1-year high of $31.80. The business’s 50 day moving average is $28.95 and its two-hundred day moving average is $27.67. The stock has a market capitalization of $13.27 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.