WJ Financial Advisors LLC Makes New $903,000 Investment in iShares Silver Trust $SLV

WJ Financial Advisors LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,309 shares of the exchange traded fund’s stock, valued at approximately $903,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Center for Financial Planning Inc. bought a new stake in iShares Silver Trust during the 2nd quarter worth about $25,000. Addison Advisors LLC acquired a new stake in shares of iShares Silver Trust in the second quarter valued at about $31,000. Nexus Investment Management ULC raised its holdings 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 in the last quarter. Raleigh Capital Management Inc. acquired a new position in iShares Silver Trust during the third quarter valued at approximately $32,000. Finally, Hopwood Financial Services Inc. acquired a new position in iShares Silver Trust during the third quarter valued at approximately $38,000.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Up 2.9%

NYSEARCA:SLV opened at $69.72 on Friday. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The firm has a market capitalization of $38.38 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The stock’s 50 day moving average price is $72.78 and its two-hundred day moving average price is $52.34.

iShares Silver Trust 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.

See Also

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

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