DHK Financial Advisors Inc. Increases Stake in iShares Silver Trust (NYSEARCA:SLV)

DHK Financial Advisors Inc. boosted its stake in iShares Silver Trust (NYSEARCA:SLV) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,124 shares of the exchange traded fund’s stock after acquiring an additional 430 shares during the quarter. DHK Financial Advisors Inc.’s holdings in iShares Silver Trust were worth $319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. purchased a new position in shares of iShares Silver Trust in the 2nd quarter valued at $202,000. Thrivent Financial for Lutherans boosted its position in shares of iShares Silver Trust by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 71,654 shares of the exchange traded fund’s stock worth $1,904,000 after buying an additional 15,750 shares during the period. NewEdge Advisors LLC raised its holdings in shares of iShares Silver Trust by 256.0% during the 2nd quarter. NewEdge Advisors LLC now owns 274,046 shares of the exchange traded fund’s stock valued at $7,281,000 after buying an additional 197,073 shares during the period. Sunbelt Securities Inc. lifted its position in iShares Silver Trust by 77.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 26,436 shares of the exchange traded fund’s stock worth $702,000 after acquiring an additional 11,541 shares in the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new position in iShares Silver Trust in the 2nd quarter worth approximately $1,728,000.

iShares Silver Trust Stock Up 0.6 %

SLV opened at $27.63 on Wednesday. The firm’s 50 day moving average is $27.61 and its 200-day moving average is $27.65. iShares Silver Trust has a 52-week low of $20.11 and a 52-week high of $31.80. The firm has a market capitalization of $12.97 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.