Fifth Third Securities Inc. lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,652 shares of the exchange traded fund’s stock after acquiring an additional 33,221 shares during the period. Fifth Third Securities Inc.’s holdings in iShares Silver Trust were worth $5,435,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in SLV. Moss Adams Wealth Advisors LLC acquired a new position in iShares Silver Trust during the second quarter valued at approximately $5,069,000. Ariose Capital Management Ltd acquired a new position in shares of iShares Silver Trust during the 2nd quarter worth $9,939,000. LVW Advisors LLC bought a new stake in shares of iShares Silver Trust during the 2nd quarter worth $247,000. Independent Wealth Network Inc. lifted its position in shares of iShares Silver Trust by 9.8% during the 2nd quarter. Independent Wealth Network Inc. now owns 103,160 shares of the exchange traded fund’s stock worth $3,385,000 after buying an additional 9,227 shares during the last quarter. Finally, Twelve Points Wealth Management LLC acquired a new stake in iShares Silver Trust in the second quarter valued at about $6,701,000.
iShares Silver Trust Trading Up 2.0%
Shares of NYSEARCA SLV opened at $41.86 on Monday. The company has a market cap of $22.47 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $42.33. The stock has a 50-day moving average price of $36.18 and a two-hundred day moving average price of $32.84.
About iShares Silver Trust
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.
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