Shepherd Financial Partners LLC Takes $3.71 Million Position in iShares Silver Trust $SLV

Shepherd Financial Partners LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 87,562 shares of the exchange traded fund’s stock, valued at approximately $3,710,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vantage Financial Partners LLC bought a new position in shares of iShares Silver Trust in the third quarter valued at approximately $489,000. Wealth Enhancement Advisory Services LLC grew its holdings in iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after buying an additional 30,915 shares in the last quarter. D.B. Root & Company LLC purchased a new stake in iShares Silver Trust in the 3rd quarter valued at $370,000. Envestnet Asset Management Inc. lifted its stake in iShares Silver Trust by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after acquiring an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC purchased a new position in iShares Silver Trust during the 3rd quarter worth $235,000.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $69.72 on Friday. The firm has a 50-day moving average of $72.78 and a 200-day moving average of $52.46. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83. The company has a market cap of $38.38 billion, a P/E ratio of -8.51 and a beta of 0.38.

More iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

About iShares Silver Trust

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.