iShares Silver Trust (NYSEARCA:SLV) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,224 shares of the exchange traded fund’s stock after buying an additional 2,684 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares Silver Trust were worth $559,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in iShares Silver Trust during the 4th quarter worth $25,000. McClarren Financial Advisors Inc. lifted its stake in 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 buying an additional 972 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of iShares Silver Trust during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC grew its position in shares of iShares Silver Trust by 671.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of iShares Silver Trust during the fourth quarter worth about $35,000.

iShares Silver Trust Stock Up 0.3 %

Shares of NYSEARCA:SLV opened at $30.81 on Tuesday. iShares Silver Trust has a fifty-two week low of $22.29 and a fifty-two week high of $31.80. The company has a market cap of $14.74 billion, a PE ratio of -8.87 and a beta of 0.73. The company’s 50-day moving average price is $28.80 and its 200 day moving average price is $28.39.

About iShares Silver Trust

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.