Nicholson Wealth Management Group LLC Makes New Investment in iShares Silver Trust $SLV

Nicholson Wealth Management Group LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 6,860 shares of the exchange traded fund’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLV. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Silver Trust during the 2nd quarter worth about $162,217,000. Ameriprise Financial Inc. lifted its stake in 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 lifted its stake in 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 purchased a new position in iShares Silver Trust in the 1st quarter valued at about $17,880,000. Finally, Marks Wealth LLC purchased a new position in iShares Silver Trust in the 1st quarter valued at about $12,726,000.

iShares Silver Trust Trading Down 4.4%

Shares of iShares Silver Trust stock opened at $46.99 on Friday. The firm has a market capitalization of $25.72 billion, a PE ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $49.25. The firm’s 50-day moving average price is $39.29 and its 200 day moving average price is $34.29.

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.