Independent Wealth Network Inc. Acquires 4,630 Shares of iShares Silver Trust (NYSEARCA:SLV)

Independent Wealth Network Inc. increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,516 shares of the exchange traded fund’s stock after purchasing an additional 4,630 shares during the period. iShares Silver Trust makes up 1.0% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 24th biggest holding. Independent Wealth Network Inc.’s holdings in iShares Silver Trust were worth $2,383,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisory Alpha LLC boosted its holdings in iShares Silver Trust by 21.0% during the fourth quarter. Advisory Alpha LLC now owns 9,087 shares of the exchange traded fund’s stock valued at $239,000 after acquiring an additional 1,574 shares during the period. Dakota Wealth Management boosted its holdings in iShares Silver Trust by 2.3% during the fourth quarter. Dakota Wealth Management now owns 21,473 shares of the exchange traded fund’s stock valued at $565,000 after acquiring an additional 480 shares during the period. Atomi Financial Group Inc. boosted its holdings in iShares Silver Trust by 94.2% during the fourth quarter. Atomi Financial Group Inc. now owns 23,447 shares of the exchange traded fund’s stock valued at $617,000 after acquiring an additional 11,371 shares during the period. Transform Wealth LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at about $2,463,000. Finally, Chesley Taft & Associates LLC boosted its holdings in iShares Silver Trust by 25.3% during the fourth quarter. Chesley Taft & Associates LLC now owns 84,300 shares of the exchange traded fund’s stock valued at $2,220,000 after acquiring an additional 17,000 shares during the period.

iShares Silver Trust Price Performance

SLV stock opened at $28.05 on Thursday. iShares Silver Trust has a 52-week low of $20.11 and a 52-week high of $31.80. The company has a 50-day moving average of $27.63 and a two-hundred day moving average of $27.67. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.