Hohimer Wealth Management LLC Buys Shares of 6,728 iShares Silver Trust $SLV

Hohimer Wealth Management LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLVFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,728 shares of the exchange traded fund’s stock, valued at approximately $285,000.

Several other large investors also recently made changes to their positions in the stock. Center for Financial Planning Inc. bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at approximately $25,000. Nexus Investment Management ULC grew 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 valued at $32,000 after purchasing an additional 250 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in iShares Silver Trust during the third quarter valued at approximately $32,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust in the third quarter valued at approximately $38,000. Finally, Addison Advisors LLC acquired a new stake in shares of iShares Silver Trust in the second quarter worth $31,000.

iShares Silver Trust News Roundup

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

iShares Silver Trust Trading Up 5.6%

NYSEARCA SLV opened at $84.99 on Friday. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The company has a fifty day simple moving average of $76.48 and a 200 day simple moving average of $55.24. The company has a market cap of $46.79 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.

Further Reading

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

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