iShares Silver Trust $SLV Shares Acquired by Spire Wealth Management

Spire Wealth Management lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 92.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,949 shares of the exchange traded fund’s stock after purchasing an additional 11,489 shares during the quarter. Spire Wealth Management’s holdings in iShares Silver Trust were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vantage Financial Partners LLC purchased a new stake in iShares Silver Trust in the third quarter valued at approximately $489,000. Wealth Enhancement Advisory Services LLC boosted 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 buying an additional 30,915 shares during the period. D.B. Root & Company LLC acquired a new stake in shares of iShares Silver Trust in the third quarter valued at $370,000. Envestnet Asset Management Inc. grew its stake in shares of iShares Silver Trust by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after buying an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter valued at $235,000.

iShares Silver Trust Trading Up 0.1%

SLV opened at $63.52 on Tuesday. The stock’s 50-day moving average price is $76.20 and its 200 day moving average price is $60.69. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Company 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.