Sovereign Financial Group Inc. Purchases Shares of 14,292 iShares Silver Trust (NYSEARCA:SLV)

Sovereign Financial Group Inc. purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,292 shares of the exchange traded fund’s stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of SLV. Dynamic Advisor Solutions LLC increased its position in shares of iShares Silver Trust by 5.1% in the first quarter. Dynamic Advisor Solutions LLC now owns 153,534 shares of the exchange traded fund’s stock valued at $3,493,000 after acquiring an additional 7,409 shares during the last quarter. Financial Designs Corp acquired a new position in shares of iShares Silver Trust during the 1st quarter worth approximately $256,000. Global Assets Advisory LLC acquired a new position in shares of iShares Silver Trust during the 1st quarter worth approximately $4,593,000. International Assets Investment Management LLC raised its stake in shares of iShares Silver Trust by 6.1% during the 1st quarter. International Assets Investment Management LLC now owns 11,528 shares of the exchange traded fund’s stock worth $264,000 after purchasing an additional 659 shares in the last quarter. Finally, RFG Advisory LLC acquired a new stake in shares of iShares Silver Trust in the 1st quarter valued at approximately $1,362,000.

iShares Silver Trust Trading Up 0.5 %

NYSEARCA:SLV opened at $26.45 on Friday. The stock has a market capitalization of $12.41 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $29.56. The firm has a fifty day simple moving average of $26.64 and a 200 day simple moving average of $23.64.

iShares Silver Trust Company Profile

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.