MCF Advisors LLC Increases Holdings in iShares Silver Trust $SLV

MCF Advisors LLC grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 11,874.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,560 shares of the exchange traded fund’s stock after buying an additional 18,405 shares during the quarter. MCF Advisors LLC’s holdings in iShares Silver Trust were worth $1,196,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. D.B. Root & Company LLC acquired a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $370,000. Envestnet Asset Management Inc. boosted its position in shares of iShares Silver Trust by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after acquiring an additional 273,913 shares in the last quarter. Ameliora Wealth Management Ltd. boosted its position in shares of iShares Silver Trust by 15.4% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock valued at $5,583,000 after acquiring an additional 11,563 shares in the last quarter. WESCAP Management Group Inc. boosted its position in shares of iShares Silver Trust by 6.1% during the 3rd quarter. WESCAP Management Group Inc. now owns 205,030 shares of the exchange traded fund’s stock valued at $8,687,000 after acquiring an additional 11,875 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its position in shares of iShares Silver Trust by 99.6% during the 3rd quarter. NewEdge Wealth LLC now owns 43,195 shares of the exchange traded fund’s stock valued at $1,885,000 after acquiring an additional 21,551 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $61.57 on Friday. The firm’s 50-day simple moving average is $68.82 and its 200-day simple moving average is $69.03. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The firm has a market cap of $34.85 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.