Florida Financial Advisors LLC Invests $286,000 in iShares Silver Trust (NYSEARCA:SLV)

Florida Financial Advisors LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, Holdings Channel reports. The fund bought 10,859 shares of the exchange traded fund’s stock, valued at approximately $286,000.

A number of other institutional investors have also recently added to or reduced their stakes in SLV. Thrivent Financial for Lutherans grew its stake in iShares Silver Trust by 4.3% during the third quarter. Thrivent Financial for Lutherans now owns 74,742 shares of the exchange traded fund’s stock worth $2,124,000 after buying an additional 3,088 shares during the period. Commerce Bank boosted its position in iShares Silver Trust by 11.6% during the 3rd quarter. Commerce Bank now owns 20,293 shares of the exchange traded fund’s stock worth $577,000 after purchasing an additional 2,103 shares during the period. Raymond James Trust N.A. increased its holdings in iShares Silver Trust by 3.1% in the 3rd quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock valued at $366,000 after purchasing an additional 383 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in iShares Silver Trust by 27.3% in the third quarter. Great Valley Advisor Group Inc. now owns 31,841 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 6,821 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of iShares Silver Trust by 45.2% during the third quarter. Cerity Partners LLC now owns 241,403 shares of the exchange traded fund’s stock worth $6,858,000 after purchasing an additional 75,203 shares in the last quarter.

iShares Silver Trust Stock Performance

SLV stock opened at $30.58 on Wednesday. The firm has a market cap of $14.63 billion, a P/E ratio of -8.87 and a beta of 0.73. iShares Silver Trust has a 1 year low of $22.29 and a 1 year high of $31.80. The stock has a 50-day simple moving average of $29.18 and a 200-day simple moving average of $28.58.

About iShares Silver Trust

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.