AMJ Financial Wealth Management Invests $373,000 in iShares Silver Trust $SLV

AMJ Financial Wealth Management acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,808 shares of the exchange traded fund’s stock, valued at approximately $373,000.

A number of other large investors also recently bought and sold shares of SLV. Center for Financial Planning Inc. purchased a new stake in shares of iShares Silver Trust in the 2nd quarter valued at approximately $25,000. Addison Advisors LLC purchased a new position in shares of iShares Silver Trust during the 2nd quarter worth approximately $31,000. Nexus Investment Management ULC increased its holdings 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 valued at $32,000 after purchasing an additional 250 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in iShares Silver Trust in the third quarter valued at approximately $32,000. Finally, Hopwood Financial Services Inc. purchased a new stake in iShares Silver Trust in the third quarter valued at approximately $38,000.

iShares Silver Trust Stock Up 7.9%

SLV opened at $76.62 on Friday. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $109.83. The business has a fifty day simple moving average of $74.30 and a 200-day simple moving average of $53.75. The firm has a market cap of $42.18 billion, a P/E ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Company 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.