National Wealth Management Group LLC Grows Stake in iShares Silver Trust $SLV

National Wealth Management Group LLC lifted its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 585.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,693 shares of the exchange traded fund’s stock after purchasing an additional 72,333 shares during the period. iShares Silver Trust comprises approximately 1.4% of National Wealth Management Group LLC’s holdings, making the stock its 18th biggest position. National Wealth Management Group LLC’s holdings in iShares Silver Trust were worth $3,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SLV. Brighton Jones LLC boosted its holdings in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the period. Bison Wealth LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in shares of iShares Silver Trust in the first quarter valued at about $443,000. Perigon Wealth Management LLC purchased a new stake in iShares Silver Trust in the second quarter valued at approximately $996,000. Finally, Signaturefd LLC grew its position in iShares Silver Trust by 50.9% during the 2nd quarter. Signaturefd LLC now owns 24,283 shares of the exchange traded fund’s stock worth $797,000 after purchasing an additional 8,194 shares during the period.

iShares Silver Trust Stock Performance

SLV stock opened at $92.91 on Monday. iShares Silver Trust has a one year low of $26.57 and a one year high of $92.98. The firm’s fifty day moving average is $63.15 and its 200 day moving average is $47.70. The firm has a market cap of $53.45 billion, a PE ratio of -8.51 and a beta of 0.38.

About iShares Silver Trust

(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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