Silverlake Wealth Management LLC Acquires New Position in iShares Silver Trust (NYSEARCA:SLV)

Silverlake Wealth Management LLC bought a new position in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, Holdings Channel reports. The institutional investor bought 8,548 shares of the exchange traded fund’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SLV. Whitaker Myers Wealth Managers LTD. lifted its holdings in shares of iShares Silver Trust by 3.1% in the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 11,339 shares of the exchange traded fund’s stock worth $322,000 after acquiring an additional 340 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in iShares Silver Trust by 3.3% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,097 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 356 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in iShares Silver Trust by 4.3% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 8,838 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 364 shares during the last quarter. Columbus Macro LLC boosted its position in iShares Silver Trust by 1.8% during the third quarter. Columbus Macro LLC now owns 20,462 shares of the exchange traded fund’s stock valued at $588,000 after buying an additional 368 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its stake in shares of iShares Silver Trust by 4.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock valued at $223,000 after buying an additional 372 shares during the last quarter.

iShares Silver Trust Trading Up 0.4 %

SLV opened at $29.35 on Thursday. The company has a market cap of $13.78 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.11 and a 12 month high of $31.80. The business’s 50-day moving average price is $27.70 and its 200-day moving average price is $27.70.

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.