Madden Advisory Services Inc. Purchases New Position in iShares Silver Trust $SLV

Madden Advisory Services Inc. purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,577 shares of the exchange traded fund’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLV. Center for Financial Planning Inc. acquired a new position in shares of iShares Silver Trust in the 2nd quarter valued at $25,000. Highline Wealth Partners LLC purchased a new position in iShares Silver Trust in the second quarter valued at $26,000. Addison Advisors LLC purchased a new position in iShares Silver Trust in the second quarter valued at $31,000. Financial Management Professionals Inc. raised its position in shares of iShares Silver Trust by 37.6% in the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 302 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of iShares Silver Trust during the 2nd quarter worth about $38,000.

iShares Silver Trust Stock Up 3.8%

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’s 50-day moving average price is $55.47 and its 200-day moving average price is $44.16. The stock has a market capitalization of $41.37 billion, a PE ratio of -8.51 and a beta of 0.38.

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. 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.