Straight Path Wealth Management Takes Position in iShares Silver Trust $SLV

Straight Path Wealth Management bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,691 shares of the exchange traded fund’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new position in iShares Silver Trust in the fourth quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust in the first quarter worth about $443,000. Signaturefd LLC boosted 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 valued at $797,000 after acquiring an additional 8,194 shares in the last quarter. Finally, LVW Advisors LLC purchased a new position in shares of iShares Silver Trust during the 2nd quarter worth approximately $247,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $98.34 on Tuesday. The firm has a market capitalization of $56.38 billion, a P/E ratio of -8.51 and a beta of 0.38. The stock has a 50 day moving average price of $64.20 and a 200-day moving average price of $48.16. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $106.70.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

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.

See Also

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

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