Foguth Wealth Management LLC. Takes Position in iShares Silver Trust $SLV

Foguth Wealth Management LLC. purchased a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,658 shares of the exchange traded fund’s stock, valued at approximately $1,161,000.

A number of other hedge funds also recently added to or reduced their stakes in SLV. Vantage Financial Partners LLC purchased a new position in iShares Silver Trust during the third quarter worth approximately $489,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares Silver Trust by 14.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after buying an additional 30,915 shares during the period. D.B. Root & Company LLC acquired a new stake in shares of iShares Silver Trust during the 3rd quarter worth $370,000. Envestnet Asset Management Inc. increased its holdings in shares of 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 worth $69,743,000 after buying an additional 273,913 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth $235,000.

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iShares Silver Trust Trading Down 4.4%

Shares of iShares Silver Trust stock opened at $65.68 on Friday. The business’s fifty day moving average price is $78.57 and its 200 day moving average price is $59.11. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The stock has a market capitalization of $36.16 billion, a P/E ratio of -8.51 and a beta of 0.38.

iShares Silver Trust 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.

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

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