LVW Advisors LLC Makes New Investment in iShares Silver Trust $SLV

LVW Advisors LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,537 shares of the exchange traded fund’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in 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 worth $259,000 after acquiring an additional 2,112 shares during the period. Envestnet Asset Management Inc. grew its holdings in 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 worth $33,363,000 after acquiring an additional 68,041 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in 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 worth $934,000 after acquiring an additional 3,638 shares during the period. Apella Capital LLC acquired a new position in iShares Silver Trust during the second quarter worth $291,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in 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 worth $6,661,000 after acquiring an additional 37,464 shares during the period.

iShares Silver Trust Stock Performance

SLV opened at $41.86 on Monday. The business’s fifty day moving average is $36.18 and its two-hundred day moving average is $32.84. The company has a market cap of $22.47 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a one year low of $26.19 and a one year high of $42.33.

About iShares Silver Trust

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.