Diversify Wealth Management LLC Grows Position in iShares Silver Trust $SLV

Diversify Wealth Management LLC lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 512.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,221 shares of the exchange traded fund’s stock after purchasing an additional 26,127 shares during the period. Diversify Wealth Management LLC’s holdings in iShares Silver Trust were worth $2,024,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000. Redwood Park Advisors LLC grew its holdings in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares during the period. Finally, Sfam LLC purchased a new position in iShares Silver Trust in the 4th quarter valued at approximately $33,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $52.16 on Tuesday. The stock has a fifty day moving average price of $62.99 and a 200 day moving average price of $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 1 year low of $33.10 and a 1 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.