Axxcess Wealth Management LLC Purchases 5,145 Shares of iShares Silver Trust (NYSEARCA:SLV)

Axxcess Wealth Management LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,414 shares of the exchange traded fund’s stock after acquiring an additional 5,145 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Silver Trust were worth $2,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in shares of iShares Silver Trust in the third quarter valued at about $25,000. BluePath Capital Management LLC bought a new position in shares of iShares Silver Trust in the third quarter valued at about $26,000. Asset Dedication LLC raised its position in shares of iShares Silver Trust by 180.5% in the third quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 928 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of iShares Silver Trust in the fourth quarter valued at about $34,000. Finally, BKM Wealth Management LLC bought a new position in shares of iShares Silver Trust in the fourth quarter valued at about $38,000.

iShares Silver Trust Stock Down 0.6 %

Shares of SLV traded down $0.14 during trading hours on Friday, hitting $24.22. The company had a trading volume of 26,859,138 shares, compared to its average volume of 24,351,391. The business has a fifty day moving average of $23.59 and a 200-day moving average of $22.11. iShares Silver Trust has a 12 month low of $18.97 and a 12 month high of $27.24. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.