Diversify Wealth Management LLC Boosts Holdings in iShares Silver Trust $SLV

Diversify Wealth Management LLC boosted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 512.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,221 shares of the exchange traded fund’s stock after acquiring an additional 26,127 shares during the period. Diversify Wealth Management LLC’s holdings in iShares Silver Trust were worth $2,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TBH Global Asset Management LLC grew its position in shares of iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares during the last quarter. JNBA Financial Advisors lifted its stake in iShares Silver Trust by 1.2% in the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares in the last quarter. SouthState Bank Corp lifted its stake in iShares Silver Trust by 29.6% in the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 148 shares in the last quarter. Finally, Swisher Financial Concepts Inc. lifted its stake in iShares Silver Trust by 0.8% in the 1st quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after buying an additional 148 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $52.16 on Tuesday. The business’s fifty day moving average price is $62.99 and its two-hundred day moving average price is $69.78. The stock has a market cap of $27.86 billion, a PE ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a one year low of $33.10 and a one year high of $109.83.

iShares Silver Trust Company 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.