iShares Silver Trust $SLV Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 20.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,646,056 shares of the exchange traded fund’s stock after purchasing an additional 273,913 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Silver Trust were worth $69,743,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Center for Financial Planning Inc. acquired a new stake in shares of iShares Silver Trust during the 2nd quarter worth $25,000. Addison Advisors LLC purchased a new stake in iShares Silver Trust during the second quarter valued at about $31,000. Nexus Investment Management ULC increased its stake in iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth about $32,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth about $38,000.

Key Headlines Impacting iShares Silver Trust

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iShares Silver Trust Price Performance

NYSEARCA SLV opened at $70.19 on Monday. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83. The firm has a market capitalization of $38.64 billion, a P/E ratio of -8.51 and a beta of 0.38. The business’s 50-day simple moving average is $70.78 and its 200-day simple moving average is $51.25.

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.

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

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