Empirical Asset Management LLC Increases Stake in iShares Silver Trust $SLV

Empirical Asset Management LLC increased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,409 shares of the exchange traded fund’s stock after buying an additional 13,947 shares during the period. iShares Silver Trust comprises approximately 1.0% of Empirical Asset Management LLC’s holdings, making the stock its 17th largest holding. Empirical Asset Management LLC’s holdings in iShares Silver Trust were worth $6,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SLV. Brighton Jones LLC increased its stake in shares of iShares Silver Trust by 9.2% during the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares during the period. Bison Wealth LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at $238,000. Capstone Wealth Management Group LLC purchased a new position in shares of iShares Silver Trust during the first quarter valued at $443,000. Schnieders Capital Management LLC. increased its stake in shares of iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 1,300 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of iShares Silver Trust during the second quarter valued at $886,000.

iShares Silver Trust Trading Up 1.0%

Shares of iShares Silver Trust stock opened at $69.45 on Friday. The firm has a market cap of $39.31 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12 month low of $29.78 and a 12 month high of $109.83. The stock’s fifty day moving average price is $69.17 and its 200-day moving average price is $67.48.

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.