9,577 Shares in iShares Silver Trust $SLV Bought by Madden Advisory Services Inc.

Madden Advisory Services Inc. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the third quarter, Holdings Channel.com reports. The firm acquired 9,577 shares of the exchange traded fund’s stock, valued at approximately $406,000.

Several other institutional investors have also modified their holdings of SLV. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in iShares Silver Trust in the 3rd quarter worth approximately $832,000. Continuum Advisory LLC purchased a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $524,000. Apella Capital LLC acquired a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $291,000. Eagle Strategies LLC lifted its position in iShares Silver Trust by 728.4% during the third quarter. Eagle Strategies LLC now owns 88,818 shares of the exchange traded fund’s stock worth $3,763,000 after buying an additional 78,097 shares in the last quarter. Finally, Merit Financial Group LLC lifted its position in iShares Silver Trust by 31.3% during the third quarter. Merit Financial Group LLC now owns 37,010 shares of the exchange traded fund’s stock worth $1,568,000 after buying an additional 8,813 shares in the last quarter.

iShares Silver Trust Stock Up 3.8%

Shares of NYSEARCA:SLV opened at $72.38 on Monday. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $73.84. The stock has a market cap of $41.37 billion, a P/E ratio of -8.51 and a beta of 0.38. The business has a fifty day moving average of $55.47 and a two-hundred day moving average of $44.16.

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.