iShares Silver Trust $SLV Shares Newly Acquired by Parisi Gray Wealth Management

Parisi Gray Wealth Management purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, HoldingsChannel reports. The firm purchased 31,183 shares of the exchange traded fund’s stock, valued at approximately $1,700,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Axiom Investment Management LLC acquired a new position in iShares Silver Trust in the 1st quarter worth about $26,000. Horizons Wealth Management acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $26,000. Bullseye Investment Management LLC acquired a new stake in iShares Silver Trust in the second quarter valued at approximately $27,000. West Branch Capital LLC acquired a new stake in iShares Silver Trust in the second quarter valued at approximately $27,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $38,000.

iShares Silver Trust Stock Down 0.8%

Shares of SLV stock traded down $0.41 during trading hours on Friday, hitting $51.51. 14,865,445 shares of the company’s stock were exchanged, compared to its average volume of 44,699,426. The firm has a market cap of $27.72 billion, a P/E ratio of -8.51 and a beta of 0.51. The firm has a 50 day moving average of $57.81 and a two-hundred day moving average of $60.75. iShares Silver Trust has a fifty-two week low of $41.70 and a fifty-two week high of $109.83.

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. 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.