GM Advisory Group LLC Purchases Shares of 27,230 iShares Silver Trust (NYSEARCA:SLV)

GM Advisory Group LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,230 shares of the exchange traded fund’s stock, valued at approximately $774,000.

Other large investors also recently made changes to their positions in the company. NWI Management LP boosted its stake in iShares Silver Trust by 10,526.6% in the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after purchasing an additional 5,263,305 shares during the period. Meitav Investment House Ltd. acquired a new stake in shares of iShares Silver Trust during the second quarter worth $45,688,000. RIA Advisory Group LLC bought a new stake in shares of iShares Silver Trust in the third quarter valued at about $20,773,000. Cetera Investment Advisers boosted its position in shares of iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after acquiring an additional 730,121 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of iShares Silver Trust by 3,449.3% in the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after acquiring an additional 524,609 shares in the last quarter.

iShares Silver Trust Stock Down 0.2 %

Shares of iShares Silver Trust stock opened at $28.04 on Friday. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a twelve month low of $20.07 and a twelve month high of $31.80. The company has a 50-day simple moving average of $28.98 and a two-hundred day simple moving average of $27.56.

iShares Silver Trust Company 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.