Muirfield Wealth Advisors LLC Invests $1.14 Million in iShares Silver Trust $SLV

Muirfield Wealth Advisors LLC bought a new position in iShares Silver Trust (NYSEARCA:SLVFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,706 shares of the exchange traded fund’s stock, valued at approximately $1,141,000. iShares Silver Trust makes up approximately 0.8% of Muirfield Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors have also recently made changes to their positions in SLV. TBH Global Asset Management LLC increased its position in iShares Silver Trust by 1.5% during the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 104 shares in the last quarter. Westside Investment Management Inc. increased its position in iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 130 shares in the last quarter. JNBA Financial Advisors increased its position in iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares in the last quarter. Wolff Wiese Magana LLC increased its position in iShares Silver Trust by 1.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock valued at $651,000 after buying an additional 150 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in iShares Silver Trust by 1.2% during the 4th quarter. Wesbanco Bank Inc. now owns 12,421 shares of the exchange traded fund’s stock valued at $800,000 after buying an additional 152 shares in the last quarter.

iShares Silver Trust Stock Down 4.3%

SLV stock opened at $66.90 on Wednesday. iShares Silver Trust has a twelve month low of $29.50 and a twelve month high of $109.83. The firm has a market cap of $37.87 billion, a PE ratio of -8.51 and a beta of 0.45. The business has a 50 day moving average of $69.57 and a 200 day moving average of $67.13.

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About iShares Silver Trust

(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.

See Also

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

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