Weitzel Financial Services Inc. Makes New Investment in iShares Silver Trust $SLV

Weitzel Financial Services Inc. bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,261 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Several other hedge funds have also made changes to their positions in SLV. Brighton Jones LLC increased its position in iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the period. Bison Wealth LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in shares of iShares Silver Trust in the first quarter valued at approximately $443,000. IFP Advisors Inc raised its stake in shares of iShares Silver Trust by 10.4% during the first quarter. IFP Advisors Inc now owns 9,643 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 908 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of iShares Silver Trust by 11.9% during the first quarter. Avantax Advisory Services Inc. now owns 98,683 shares of the exchange traded fund’s stock worth $3,058,000 after purchasing an additional 10,491 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $45.30 on Monday. The stock has a fifty day moving average price of $43.81 and a 200 day moving average price of $37.15. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $49.25. The company has a market cap of $24.41 billion, a PE ratio of -8.51 and a beta of 0.38.

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.