RMG Wealth Management LLC Acquires Shares of 1,865 iShares Silver Trust $SLV

RMG Wealth Management LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,865 shares of the exchange traded fund’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of iShares Silver Trust by 33.3% during the first quarter. Farther Finance Advisors LLC now owns 8,463 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 2,112 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Silver Trust by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,076,568 shares of the exchange traded fund’s stock valued at $33,363,000 after acquiring an additional 68,041 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares Silver Trust by 13.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 30,131 shares of the exchange traded fund’s stock valued at $934,000 after acquiring an additional 3,638 shares in the last quarter. Apella Capital LLC bought a new position in shares of iShares Silver Trust during the second quarter valued at approximately $291,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Silver Trust by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 214,948 shares of the exchange traded fund’s stock valued at $6,661,000 after acquiring an additional 37,464 shares in the last quarter.

iShares Silver Trust Stock Up 1.2%

Shares of iShares Silver Trust stock opened at $44.06 on Tuesday. The company has a market cap of $24.47 billion, a PE ratio of -8.51 and a beta of 0.59. The business has a 50 day moving average of $37.11 and a 200 day moving average of $33.36. iShares Silver Trust has a 52 week low of $26.19 and a 52 week high of $44.26.

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.