NewEdge Wealth LLC Increases Stake in iShares Silver Trust $SLV

NewEdge Wealth LLC boosted its stake in iShares Silver Trust (NYSEARCA:SLV) by 99.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,195 shares of the exchange traded fund’s stock after buying an additional 21,551 shares during the period. NewEdge Wealth LLC’s holdings in iShares Silver Trust were worth $1,885,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SLV. Guggenheim Capital LLC raised its position in shares of iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after acquiring an additional 859,355 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $26,643,000. Yong Rong HK Asset Management Ltd grew its stake in iShares Silver Trust by 299.6% in the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after purchasing an additional 599,800 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in iShares Silver Trust in the second quarter worth $17,597,000. Finally, Great Valley Advisor Group Inc. raised its holdings in iShares Silver Trust by 1,133.5% in the second quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock worth $17,290,000 after purchasing an additional 484,247 shares in the last quarter.

iShares Silver Trust Trading Up 7.9%

Shares of iShares Silver Trust stock opened at $76.62 on Friday. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The firm has a market capitalization of $42.18 billion, a P/E ratio of -8.51 and a beta of 0.38. The business has a fifty day simple moving average of $74.30 and a two-hundred day simple moving average of $53.75.

iShares Silver Trust Company 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.