Advance Capital Management Inc. Increases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Advance Capital Management Inc. boosted its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 15.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,475 shares of the exchange traded fund’s stock after buying an additional 1,542 shares during the quarter. Advance Capital Management Inc.’s holdings in iShares Silver Trust were worth $240,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC bought a new position in iShares Silver Trust during the fourth quarter worth about $26,000. Covestor Ltd bought a new position in shares of iShares Silver Trust in the first quarter valued at approximately $28,000. GoalVest Advisory LLC bought a new position in shares of iShares Silver Trust in the first quarter valued at approximately $29,000. Compagnie Lombard Odier SCmA bought a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $33,000. Finally, Bessemer Group Inc. boosted its position in shares of iShares Silver Trust by 150.1% in the fourth quarter. Bessemer Group Inc. now owns 1,548 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 929 shares during the period.

iShares Silver Trust Stock Performance

SLV stock opened at $20.94 on Thursday. The firm has a 50 day moving average of $21.77 and a 200-day moving average of $21.68. iShares Silver Trust has a 12 month low of $16.66 and a 12 month high of $23.94.

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.