Element Wealth LLC Raises Stake in iShares Silver Trust $SLV

Element Wealth LLC raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 320.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,043 shares of the exchange traded fund’s stock after purchasing an additional 16,043 shares during the period. Element Wealth LLC’s holdings in iShares Silver Trust were worth $1,356,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Arax Advisory Partners lifted its holdings in shares of iShares Silver Trust by 10.3% in the fourth quarter. Arax Advisory Partners now owns 32,373 shares of the exchange traded fund’s stock worth $2,085,000 after buying an additional 3,024 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of iShares Silver Trust by 49.8% in the fourth quarter. Brown Advisory Inc. now owns 27,534 shares of the exchange traded fund’s stock worth $1,774,000 after buying an additional 9,155 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of iShares Silver Trust by 16.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 15,382 shares of the exchange traded fund’s stock worth $991,000 after buying an additional 2,211 shares in the last quarter. Cordoba Advisory Partners LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter worth $4,218,000. Finally, 360 Financial Inc. purchased a new position in shares of iShares Silver Trust in the fourth quarter worth $284,000.

iShares Silver Trust Stock Performance

SLV stock opened at $61.29 on Friday. iShares Silver Trust has a one year low of $32.06 and a one year high of $109.83. The company’s fifty day moving average price is $68.35 and its 200-day moving average price is $69.53. The company has a market capitalization of $34.69 billion, a PE ratio of -8.51 and a beta of 0.45.

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.