iShares Silver Trust $SLV Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC increased its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 23.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,685 shares of the exchange traded fund’s stock after purchasing an additional 19,629 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in iShares Silver Trust were worth $4,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in iShares Silver Trust by 14.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after acquiring an additional 30,915 shares during the last quarter. Adamsbrown Wealth Consultants LLC purchased a new stake in shares of iShares Silver Trust in the third quarter valued at about $235,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $832,000. Benjamin Edwards Inc. grew its position in shares of iShares Silver Trust by 298.4% in the third quarter. Benjamin Edwards Inc. now owns 50,197 shares of the exchange traded fund’s stock valued at $2,127,000 after purchasing an additional 37,598 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $524,000.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $75.44 on Friday. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The business has a 50 day moving average price of $68.29 and a 200 day moving average price of $49.70. The company has a market capitalization of $42.74 billion, a P/E ratio of -8.51 and a beta of 0.38.

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iShares Silver Trust Company 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.

See Also

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

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