Zhang Financial LLC Takes Position in iShares Silver Trust (NYSEARCA:SLV)

Zhang Financial LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,224 shares of the exchange traded fund’s stock, valued at approximately $201,000.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in iShares Silver Trust in the third quarter worth $70,000. Trust Co. of Vermont lifted its position in iShares Silver Trust by 88.4% in the third quarter. Trust Co. of Vermont now owns 8,525 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 4,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in iShares Silver Trust by 11.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after purchasing an additional 132,729 shares during the period. International Assets Investment Management LLC lifted its position in iShares Silver Trust by 2,203.2% in the fourth quarter. International Assets Investment Management LLC now owns 236,727 shares of the exchange traded fund’s stock worth $5,156,000 after purchasing an additional 226,449 shares during the period. Finally, CoreCap Advisors LLC lifted its position in iShares Silver Trust by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 30,225 shares of the exchange traded fund’s stock worth $658,000 after purchasing an additional 12,907 shares during the period.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $26.20 on Friday. The stock has a market cap of $12.43 billion, a P/E ratio of -7.62 and a beta of 0.46. iShares Silver Trust has a one year low of $18.97 and a one year high of $27.24. The stock has a fifty day moving average price of $22.84 and a 200 day moving average price of $21.79.

iShares Silver Trust 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.