Finer Wealth Management Inc. Takes $709,000 Position in iShares Silver Trust $SLV

Finer Wealth Management Inc. acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,001 shares of the exchange traded fund’s stock, valued at approximately $709,000.

Other large investors have also made changes to their positions in the company. Vantage Financial Partners LLC purchased a new stake in iShares Silver Trust during the third quarter worth $489,000. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after buying an additional 30,915 shares in the last quarter. D.B. Root & Company LLC purchased a new stake in iShares Silver Trust during the third quarter worth $370,000. Envestnet Asset Management Inc. boosted its holdings in iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after buying an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC purchased a new stake in iShares Silver Trust during the third quarter worth $235,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $65.94 on Wednesday. The company’s fifty day moving average price is $73.21 and its 200 day moving average price is $61.88. iShares Silver Trust has a 1 year low of $26.96 and a 1 year high of $109.83. The company has a market capitalization of $37.32 billion, a PE ratio of -8.51 and a beta of 0.45.

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.