Patton Albertson Miller Group LLC Invests $310,000 in iShares Silver Trust (NYSEARCA:SLV)

Patton Albertson Miller Group LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,898 shares of the exchange traded fund’s stock, valued at approximately $310,000.

Several other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. raised its stake in shares of iShares Silver Trust by 106.0% in the third quarter. Vontobel Holding Ltd. now owns 61,402 shares of the exchange traded fund’s stock worth $1,744,000 after purchasing an additional 31,601 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in iShares Silver Trust by 29.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock worth $318,000 after buying an additional 2,749 shares during the last quarter. Inspirion Wealth Advisors LLC bought a new position in iShares Silver Trust during the 2nd quarter valued at about $220,000. ORG Partners LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $39,000. Finally, Tidal Investments LLC grew its stake in shares of iShares Silver Trust by 7.0% in the first quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock worth $381,000 after acquiring an additional 1,110 shares during the period.

iShares Silver Trust Stock Up 0.6 %

SLV opened at $27.80 on Wednesday. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm has a 50 day moving average price of $28.98 and a 200-day moving average price of $27.63. iShares Silver Trust has a twelve month low of $20.07 and a twelve month high of $31.80.

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.