AE Wealth Management LLC Purchases 14,448 Shares of iShares Silver Trust $SLV

AE Wealth Management LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,686 shares of the exchange traded fund’s stock after acquiring an additional 14,448 shares during the period. AE Wealth Management LLC’s holdings in iShares Silver Trust were worth $5,133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners LLC bought a new stake in shares of iShares Silver Trust during the third quarter valued at approximately $489,000. Wealth Enhancement Advisory Services LLC increased its position in iShares Silver Trust by 14.6% in 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 purchasing an additional 30,915 shares during the last quarter. D.B. Root & Company LLC bought a new stake in iShares Silver Trust in the third quarter worth $370,000. Envestnet Asset Management Inc. increased its position in iShares Silver Trust by 20.0% in 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 purchasing an additional 273,913 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC bought a new stake in iShares Silver Trust in the third quarter worth $235,000.

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iShares Silver Trust Stock Performance

Shares of SLV opened at $73.63 on Monday. The company’s fifty day moving average is $71.41 and its 200 day moving average is $63.51. iShares Silver Trust has a fifty-two week low of $29.04 and a fifty-two week high of $109.83. The stock has a market capitalization of $41.67 billion, a PE ratio of -8.51 and a beta of 0.52.

iShares Silver Trust 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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