Moss Adams Wealth Advisors LLC Makes New Investment in iShares Silver Trust $SLV

Moss Adams Wealth Advisors LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, Holdings Channel reports. The firm purchased 154,482 shares of the exchange traded fund’s stock, valued at approximately $5,069,000. iShares Silver Trust comprises approximately 0.5% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Silver Trust in the 2nd quarter valued at $162,217,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after buying an additional 1,460,084 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Silver Trust by 13.4% in the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after buying an additional 924,353 shares in the last quarter. Carrhae Capital LLP acquired a new position in shares of iShares Silver Trust in the 1st quarter valued at $17,880,000. Finally, Kaydan Wealth Management Inc. acquired a new position in shares of iShares Silver Trust in the 1st quarter valued at $15,050,000.

iShares Silver Trust Trading Up 2.0%

Shares of iShares Silver Trust stock opened at $41.86 on Monday. The company has a fifty day simple moving average of $36.18 and a 200-day simple moving average of $32.84. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $42.33. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59.

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.