Ball & Co Wealth Management Inc. Takes $4.11 Million Position in iShares Silver Trust $SLV

Ball & Co Wealth Management Inc. acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 63,626 shares of the exchange traded fund’s stock, valued at approximately $4,107,000. iShares Silver Trust accounts for 2.6% of Ball & Co Wealth Management Inc.’s holdings, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also 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 valued at $497,000 after buying an additional 1,595 shares during the last quarter. Bison Wealth LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust during the 1st quarter worth about $443,000. Schnieders Capital Management LLC. lifted its holdings in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in iShares Silver Trust during the 2nd quarter worth about $886,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $68.28 on Tuesday. The company has a market capitalization of $38.65 billion, a price-to-earnings ratio of -8.51 and a beta of 0.52. The business has a 50-day moving average of $71.50 and a two-hundred day moving average of $62.67. iShares Silver Trust has a 1 year low of $28.88 and a 1 year 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.