Hohimer Wealth Management LLC Buys New Position in iShares Silver Trust $SLV

Hohimer Wealth Management LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,728 shares of the exchange traded fund’s stock, valued at approximately $285,000.

Several other institutional investors also recently added to or reduced their stakes in SLV. Raymond James Financial Inc. boosted its position in shares of iShares Silver Trust by 1.0% in the second quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock valued at $81,118,000 after acquiring an additional 25,584 shares during the period. Commonwealth Equity Services LLC increased its position in iShares Silver Trust by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock worth $85,732,000 after acquiring an additional 26,710 shares during the period. HighTower Advisors LLC increased its position in iShares Silver Trust by 5.7% during the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock worth $74,153,000 after acquiring an additional 94,521 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares Silver Trust by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after purchasing an additional 273,913 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in iShares Silver Trust by 4.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,290,663 shares of the exchange traded fund’s stock valued at $42,347,000 after purchasing an additional 55,180 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $84.99 on Friday. The firm has a market capitalization of $46.79 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The company’s fifty day moving average is $76.48 and its two-hundred day moving average is $55.24. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $109.83.

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iShares Silver Trust Company 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.

Further Reading

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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