Coordinated Financial Services Inc. Takes Position in iShares Silver Trust $SLV

Coordinated Financial Services Inc. acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 8,500 shares of the exchange traded fund’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLV. Brighton Jones LLC increased its holdings in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,595 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $238,000. GAMMA Investing LLC acquired a new stake in iShares Silver Trust in the first quarter valued at about $1,366,000. UMB Bank n.a. boosted its stake in iShares Silver Trust by 34.7% in the first quarter. UMB Bank n.a. now owns 7,760 shares of the exchange traded fund’s stock valued at $240,000 after buying an additional 2,000 shares in the last quarter. Finally, Daymark Wealth Partners LLC acquired a new stake in iShares Silver Trust in the first quarter valued at about $202,000.

iShares Silver Trust Trading Up 0.3%

iShares Silver Trust stock opened at $44.71 on Friday. The company has a market capitalization of $24.02 billion, a PE ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $46.35. The stock has a 50-day moving average price of $37.73 and a two-hundred day moving average price of $33.61.

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.