Adamsbrown Wealth Consultants LLC Makes New $235,000 Investment in iShares Silver Trust $SLV

Adamsbrown Wealth Consultants LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,558 shares of the exchange traded fund’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLV. Center for Financial Planning Inc. acquired a new stake in iShares Silver Trust in the second quarter worth about $25,000. Addison Advisors LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter valued at approximately $31,000. Nexus Investment Management ULC boosted its stake in iShares Silver Trust by 50.0% in 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in iShares Silver Trust in the 2nd quarter worth approximately $38,000. Finally, Darwin Wealth Management LLC purchased a new stake in iShares Silver Trust during the 2nd quarter worth approximately $39,000.

iShares Silver Trust Trading Up 3.3%

Shares of iShares Silver Trust stock opened at $101.59 on Wednesday. The firm’s 50 day simple moving average is $65.31 and its two-hundred day simple moving average is $48.63. The firm has a market capitalization of $58.24 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $106.70.

iShares Silver Trust News Summary

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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.

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

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