Pinnacle Wealth Planning Services Inc. Purchases Shares of 7,772 iShares Silver Trust (NYSEARCA:SLV)

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,772 shares of the exchange traded fund’s stock, valued at approximately $205,000.

Several other institutional investors have also modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in shares of iShares Silver Trust in the 3rd quarter valued at about $91,122,000. Toronto Dominion Bank grew its position in shares of iShares Silver Trust by 18.6% during the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after acquiring an additional 358,806 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares Silver Trust during the fourth quarter worth approximately $57,303,000. Proficio Capital Partners LLC increased its holdings in shares of iShares Silver Trust by 715.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after acquiring an additional 1,858,658 shares during the period. Finally, Bank of Montreal Can raised its position in iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after purchasing an additional 1,370,298 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $29.59 on Friday. The company has a market capitalization of $14.13 billion, a P/E ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a 1 year low of $21.97 and a 1 year high of $31.80. The company’s fifty day moving average is $28.32 and its two-hundred day moving average is $28.22.

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.