Koshinski Asset Management Inc. Acquires New Stake in iShares Silver Trust (NYSEARCA:SLV)

Koshinski Asset Management Inc. acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,162 shares of the exchange traded fund’s stock, valued at approximately $709,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sound Income Strategies LLC boosted its position in iShares Silver Trust by 71.6% during the fourth quarter. Sound Income Strategies LLC now owns 5,149 shares of the exchange traded fund’s stock valued at $112,000 after acquiring an additional 2,149 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in iShares Silver Trust by 2.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 37,024 shares of the exchange traded fund’s stock valued at $806,000 after acquiring an additional 735 shares during the last quarter. City State Bank boosted its position in iShares Silver Trust by 9.7% during the fourth quarter. City State Bank now owns 5,680 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 500 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in iShares Silver Trust by 31.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 9,391 shares of the exchange traded fund’s stock valued at $205,000 after acquiring an additional 2,232 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new position in shares of iShares Silver Trust during the 4th quarter worth about $38,000.

iShares Silver Trust Price Performance

Shares of SLV stock traded down $0.59 on Friday, reaching $26.61. 6,624,838 shares of the company were exchanged, compared to its average volume of 23,726,967. The company has a market cap of $12.49 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The company has a 50-day moving average of $27.52 and a 200-day moving average of $24.25. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56.

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.