iShares Silver Trust $SLV Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 58.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 746,397 shares of the exchange traded fund’s stock after buying an additional 276,297 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Silver Trust were worth $48,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the fourth quarter worth approximately $33,000. BOK Financial Private Wealth Inc. acquired a new position in iShares Silver Trust during the fourth quarter worth approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares during the last quarter. Bangor Savings Bank acquired a new position in iShares Silver Trust during the fourth quarter worth approximately $38,000. Finally, American National Bank & Trust increased its position in iShares Silver Trust by 96.7% during the fourth quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $68.33 on Friday. iShares Silver Trust has a one year low of $29.78 and a one year high of $109.83. The company has a 50 day moving average price of $68.57 and a 200 day moving average price of $68.36. The firm has a market capitalization of $38.67 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

Key iShares Silver Trust News

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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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