MCF Advisors LLC Has $1.20 Million Position in iShares Silver Trust $SLV

MCF Advisors LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 11,874.2% in the 4th quarter, HoldingsChannel reports. The firm owned 18,560 shares of the exchange traded fund’s stock after buying an additional 18,405 shares during the period. MCF Advisors LLC’s holdings in iShares Silver Trust were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SLV. Brighton Jones LLC lifted its holdings in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC bought a new position in iShares Silver Trust during the 4th quarter valued at about $238,000. Capstone Wealth Management Group LLC bought a new position in iShares Silver Trust during the 1st quarter valued at about $443,000. Schnieders Capital Management LLC. lifted its holdings in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in iShares Silver Trust during the 2nd quarter valued at about $886,000.

iShares Silver Trust Stock Down 8.1%

Shares of SLV stock opened at $61.57 on Friday. iShares Silver Trust has a 12-month low of $32.06 and a 12-month high of $109.83. The company has a market capitalization of $34.85 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm has a 50-day moving average price of $68.82 and a 200 day moving average price of $69.03.

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. 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.