Walled Lake Planning & Wealth Management LLC Invests $655,000 in iShares Silver Trust $SLV

Walled Lake Planning & Wealth Management LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 9,611 shares of the exchange traded fund’s stock, valued at approximately $655,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust during the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management bought a new stake in iShares Silver Trust in the fourth quarter valued at approximately $32,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at approximately $33,000. Redwood Park Advisors LLC boosted its stake in shares of iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the period. Finally, Sfam LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth approximately $33,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV traded down $0.19 during mid-day trading on Friday, hitting $53.95. The stock had a trading volume of 11,709,494 shares, compared to its average volume of 59,922,551. The business has a 50 day moving average price of $63.28 and a two-hundred day moving average price of $69.82. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83. The firm has a market cap of $28.81 billion, a P/E ratio of -8.51 and a beta of 0.49.

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.