iShares Silver Trust $SLV Stock: IronBridge Private Wealth LLC Boosts Holdings

IronBridge Private Wealth LLC grew its holdings in iShares Silver Trust (NYSEARCA:SLV) by 18.0% during the third quarter, Holdings Channel.com reports. The firm owned 102,318 shares of the exchange traded fund’s stock after acquiring an additional 15,626 shares during the quarter. iShares Silver Trust accounts for about 1.6% of IronBridge Private Wealth LLC’s portfolio, making the stock its 17th biggest position. IronBridge Private Wealth LLC’s holdings in iShares Silver Trust were worth $5,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in SLV. M Holdings Securities Inc. lifted its position in shares of iShares Silver Trust by 1.1% in the third quarter. M Holdings Securities Inc. now owns 54,957 shares of the exchange traded fund’s stock worth $2,996,000 after purchasing an additional 590 shares in the last quarter. Brighton Jones LLC boosted its holdings in iShares Silver Trust by 5.4% during the third quarter. Brighton Jones LLC now owns 24,836 shares of the exchange traded fund’s stock worth $1,354,000 after purchasing an additional 1,266 shares during the last quarter. Point Nemo Capital LLC bought a new position in iShares Silver Trust in the third quarter valued at $7,725,000. 180 Wealth Advisors LLC grew its position in iShares Silver Trust by 8.0% in the third quarter. 180 Wealth Advisors LLC now owns 8,757 shares of the exchange traded fund’s stock valued at $477,000 after purchasing an additional 649 shares in the last quarter. Finally, Axiom Investment Management LLC grew its position in iShares Silver Trust by 200.0% in the third quarter. Axiom Investment Management LLC now owns 1,125 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 750 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $46.87 on Monday. iShares Silver Trust has a 1 year low of $43.51 and a 1 year high of $109.83. The firm’s fifty day moving average price is $54.22 and its two-hundred day moving average price is $63.47. The firm has a market capitalization of $25.23 billion, a P/E ratio of -8.51 and a beta of 0.53.

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.