Northwestern Mutual Wealth Management Co. Buys 30,961 Shares of iShares Silver Trust $SLV

Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 407,457 shares of the exchange traded fund’s stock after purchasing an additional 30,961 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of iShares Silver Trust worth $13,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Apella Capital LLC bought a new position in shares of iShares Silver Trust in the second quarter valued at approximately $291,000. Aviso Financial Inc. raised its position in iShares Silver Trust by 1,600.0% in the 2nd quarter. Aviso Financial Inc. now owns 4,250 shares of the exchange traded fund’s stock valued at $139,000 after buying an additional 4,000 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in iShares Silver Trust by 32.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 130,316 shares of the exchange traded fund’s stock valued at $4,276,000 after acquiring an additional 31,633 shares in the last quarter. Deutsche Bank AG bought a new position in iShares Silver Trust during the 1st quarter valued at $87,000. Finally, Welch Group LLC boosted its holdings in iShares Silver Trust by 20.8% during the 2nd quarter. Welch Group LLC now owns 26,043 shares of the exchange traded fund’s stock worth $854,000 after acquiring an additional 4,476 shares during the last quarter.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $51.21 on Monday. The company has a fifty day moving average price of $44.79 and a 200-day moving average price of $37.81. The firm has a market cap of $27.59 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $51.27.

About iShares Silver Trust

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.