Coordinated Financial Services Inc. Makes New $250,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

Coordinated Financial Services Inc. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,500 shares of the exchange traded fund’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLV. Eagle Bay Advisors LLC purchased a new position in iShares Silver Trust during the 4th quarter worth approximately $25,000. Key Client Fiduciary Advisors LLC grew its position in iShares Silver Trust by 406.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. grew its position in iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at $29,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of iShares Silver Trust by 671.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 1,115 shares during the period.

iShares Silver Trust Stock Down 0.3 %

Shares of NYSEARCA:SLV opened at $29.59 on Friday. The firm has a fifty day moving average of $28.37 and a two-hundred day moving average of $28.25. The firm 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 12-month low of $21.97 and a 12-month high of $31.80.

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.