Integrated Wealth Concepts LLC Buys 37,539 Shares of iShares Silver Trust $SLV

Integrated Wealth Concepts LLC boosted its stake in iShares Silver Trust (NYSEARCA:SLV) by 15.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,299 shares of the exchange traded fund’s stock after purchasing an additional 37,539 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares Silver Trust were worth $11,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLV. Vantage Financial Partners LLC acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $489,000. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after purchasing an additional 30,915 shares during the period. D.B. Root & Company LLC acquired a new position in shares of iShares Silver Trust during the third quarter worth approximately $370,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC bought a new position in shares of iShares Silver Trust in the 3rd quarter worth $235,000.

iShares Silver Trust Trading Up 0.7%

NYSEARCA SLV opened at $73.22 on Tuesday. The company has a market cap of $40.31 billion, a P/E ratio of -8.51 and a beta of 0.38. The company has a fifty day simple moving average of $78.74 and a 200 day simple moving average of $58.75. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83.

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.