IMG Wealth Management Inc. Takes $1.63 Million Position in iShares Silver Trust (NYSEARCA:SLV)

IMG Wealth Management Inc. bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, HoldingsChannel.com reports. The firm bought 61,850 shares of the exchange traded fund’s stock, valued at approximately $1,629,000. iShares Silver Trust comprises 1.5% of IMG Wealth Management Inc.’s holdings, making the stock its 18th largest holding.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $25,000. McClarren Financial Advisors Inc. boosted its position in shares of iShares Silver Trust by 3,471.4% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 972 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its position in shares of iShares Silver Trust by 671.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 1,115 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $35,000.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $30.71 on Monday. The firm has a 50-day moving average of $28.73 and a 200-day moving average of $28.37. The stock has a market cap of $14.69 billion, a PE ratio of -8.87 and a beta of 0.73. iShares Silver Trust has a 52-week low of $22.29 and a 52-week high of $31.80.

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.