AGH Wealth Advisors LLC Invests $1.08 Million in iShares Silver Trust $SLV

AGH Wealth Advisors LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,807 shares of the exchange traded fund’s stock, valued at approximately $1,077,000. iShares Silver Trust makes up about 0.8% of AGH Wealth Advisors LLC’s holdings, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after acquiring an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares during the period. Bank of Montreal Can boosted its stake in shares of iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares during the period. Tableaux LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its holdings in shares of iShares Silver Trust by 82.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after purchasing an additional 824,589 shares in the last quarter.

iShares Silver Trust Stock Up 1.8%

Shares of SLV opened at $53.28 on Friday. The company has a market cap of $30.16 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a fifty-two week low of $32.53 and a fifty-two week high of $109.83. The firm’s 50 day moving average price is $66.30 and its 200 day moving average price is $70.04.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.