Wealthcare Advisory Partners LLC lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,818 shares of the exchange traded fund’s stock after purchasing an additional 17,311 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in iShares Silver Trust were worth $5,331,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SLV. Brighton Jones LLC increased its holdings in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new position in shares of iShares Silver Trust in the fourth quarter valued at $238,000. Capstone Wealth Management Group LLC bought a new stake in iShares Silver Trust in the first quarter valued at approximately $443,000. Schnieders Capital Management LLC. boosted its position in iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the period. Finally, Princeton Global Asset Management LLC increased its holdings in shares of iShares Silver Trust by 1,685.0% in the second quarter. Princeton Global Asset Management LLC now owns 1,785 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 1,685 shares during the last quarter.
iShares Silver Trust Price Performance
Shares of SLV opened at $66.37 on Wednesday. The company’s 50-day moving average is $73.34 and its 200-day moving average is $53.08. The firm has a market capitalization of $36.54 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $109.83.
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.
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