Private Wealth Asset Management LLC Has $4.49 Million Stock Holdings in iShares Silver Trust $SLV

Private Wealth Asset Management LLC boosted its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 6.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 106,010 shares of the exchange traded fund’s stock after purchasing an additional 6,590 shares during the period. Private Wealth Asset Management LLC’s holdings in iShares Silver Trust were worth $4,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Center for Financial Planning Inc. acquired a new position in iShares Silver Trust during the 2nd quarter valued at $25,000. Nexus Investment Management ULC increased its holdings in shares of iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares during the period. Addison Advisors LLC acquired a new position in shares of iShares Silver Trust during the second quarter valued at about $31,000. ORG Partners LLC raised its position in shares of iShares Silver Trust by 38.9% during the third quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 315 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of iShares Silver Trust in the third quarter valued at about $50,000.

iShares Silver Trust Stock Up 3.9%

iShares Silver Trust stock opened at $105.60 on Thursday. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $106.70. The stock has a market cap of $60.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The business has a 50 day moving average price of $66.50 and a two-hundred day moving average price of $49.03.

iShares Silver Trust News Roundup

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iShares Silver Trust Profile

(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.

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

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