Mather Group LLC. Invests $74,000 in iShares Silver Trust (NYSEARCA:SLV)

Mather Group LLC. purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,829 shares of the exchange traded fund’s stock, valued at approximately $74,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SLV. Alpha Financial Partners LLC grew its stake in iShares Silver Trust by 237.9% in the 3rd quarter. Alpha Financial Partners LLC now owns 33,184 shares of the exchange traded fund’s stock valued at $943,000 after acquiring an additional 23,364 shares during the last quarter. CWM LLC grew its stake in iShares Silver Trust by 23.0% in the 3rd quarter. CWM LLC now owns 116,681 shares of the exchange traded fund’s stock valued at $3,315,000 after acquiring an additional 21,810 shares during the last quarter. UMB Bank n.a. grew its stake in iShares Silver Trust by 38.7% in the 3rd quarter. UMB Bank n.a. now owns 10,760 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 3,000 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in iShares Silver Trust in the 3rd quarter valued at about $40,000. Finally, Jessup Wealth Management Inc acquired a new stake in iShares Silver Trust in the 3rd quarter valued at about $208,000.

iShares Silver Trust Trading Down 1.2 %

Shares of NYSEARCA SLV opened at $29.03 on Friday. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52 week low of $20.11 and a 52 week high of $31.80. The company’s 50-day moving average price is $27.77 and its 200 day moving average price is $27.73.

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.