Avidian Wealth Enterprises LLC Buys Shares of 9,528 iShares Silver Trust $SLV

Avidian Wealth Enterprises LLC bought a new position in iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,528 shares of the exchange traded fund’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares during the last quarter. Bison Wealth LLC bought a new stake in iShares Silver Trust in the fourth quarter worth approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in shares of iShares Silver Trust during the 1st quarter worth $443,000. Park Avenue Securities LLC raised its holdings in shares of iShares Silver Trust by 36.3% during the 2nd quarter. Park Avenue Securities LLC now owns 44,023 shares of the exchange traded fund’s stock valued at $1,444,000 after purchasing an additional 11,734 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of iShares Silver Trust by 9.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,550 shares of the exchange traded fund’s stock valued at $149,000 after purchasing an additional 390 shares during the last quarter.

iShares Silver Trust Trading Up 3.8%

Shares of NYSEARCA:SLV opened at $87.13 on Friday. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $87.52. The firm has a fifty day moving average price of $62.21 and a 200 day moving average price of $47.09. The stock has a market capitalization of $49.63 billion, a PE ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Profile

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.