IronBridge Private Wealth LLC Acquires New Shares in iShares Silver Trust $SLV

IronBridge Private Wealth LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the third quarter, HoldingsChannel.com reports. The firm acquired 30,504 shares of the exchange traded fund’s stock, valued at approximately $1,292,000.

Other large investors have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. boosted its position in iShares Silver Trust by 2.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock worth $501,000 after acquiring an additional 239 shares during the period. Swisher Financial Concepts Inc. increased its stake in shares of iShares Silver Trust by 1.4% during the third quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock valued at $729,000 after acquiring an additional 240 shares during the period. Nexus Investment Management ULC raised its holdings in iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares in the last quarter. Silver Oak Securities Incorporated lifted its position in iShares Silver Trust by 0.6% in the third quarter. Silver Oak Securities Incorporated now owns 42,936 shares of the exchange traded fund’s stock worth $1,819,000 after purchasing an additional 251 shares during the period. Finally, Ironwood Wealth Management LLC. boosted its stake in iShares Silver Trust by 3.2% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 8,203 shares of the exchange traded fund’s stock valued at $348,000 after purchasing an additional 255 shares in the last quarter.

iShares Silver Trust Stock Performance

SLV opened at $87.13 on Friday. iShares Silver Trust has a one year low of $26.57 and a one year high of $87.52. The stock’s fifty day moving average is $62.21 and its 200-day moving average is $47.09. The company has a market capitalization of $49.63 billion, a PE ratio of -8.51 and a beta of 0.38.

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. 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.