iShares Silver Trust $SLV Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 206.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 57,881 shares of the exchange traded fund’s stock after acquiring an additional 39,007 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares Silver Trust were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vantage Financial Partners LLC bought a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $489,000. Wealth Enhancement Advisory Services LLC boosted its stake in iShares Silver Trust by 14.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after acquiring an additional 30,915 shares during the period. D.B. Root & Company LLC acquired a new position in iShares Silver Trust in the third quarter valued at approximately $370,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after purchasing an additional 273,913 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC bought a new position in shares of iShares Silver Trust during the third quarter valued at approximately $235,000.

Key Headlines Impacting iShares Silver Trust

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iShares Silver Trust Trading Down 11.5%

Shares of NYSEARCA SLV opened at $67.73 on Friday. The company has a market cap of $37.29 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The stock’s 50 day simple moving average is $72.44 and its 200 day simple moving average is $52.09.

iShares Silver Trust Profile

(Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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