Wealthfront Advisers LLC Purchases 68,916 Shares of iShares Silver Trust $SLV

Wealthfront Advisers LLC increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,414 shares of the exchange traded fund’s stock after purchasing an additional 68,916 shares during the period. Wealthfront Advisers LLC’s holdings in iShares Silver Trust were worth $10,737,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Center for Financial Planning Inc. purchased a new stake in shares of iShares Silver Trust in the second quarter worth about $25,000. Addison Advisors LLC bought a new stake in iShares Silver Trust in the 2nd quarter worth approximately $31,000. Nexus Investment Management ULC raised its holdings in shares of iShares Silver Trust by 50.0% during the 3rd 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 in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of iShares Silver Trust during the 3rd quarter valued at approximately $32,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust during the 3rd quarter valued at approximately $38,000.

iShares Silver Trust Stock Up 4.3%

SLV stock opened at $76.56 on Thursday. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $109.83. The firm has a market capitalization of $42.15 billion, a P/E ratio of -8.51 and a beta of 0.38. The company has a fifty day simple moving average of $72.12 and a two-hundred day simple moving average of $51.98.

iShares Silver Trust 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.