Drive Wealth Management LLC Takes $218,000 Position in iShares Silver Trust $SLV

Drive Wealth Management LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, Holdings Channel reports. The firm acquired 6,639 shares of the exchange traded fund’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SLV. Brighton Jones LLC boosted its stake in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares during the period. Bison Wealth LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at about $238,000. GAMMA Investing LLC purchased a new stake in iShares Silver Trust during the first quarter worth approximately $42,000. Wealth Enhancement Advisory Services LLC lifted its stake in iShares Silver Trust by 21.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 214,948 shares of the exchange traded fund’s stock worth $6,661,000 after purchasing an additional 37,464 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in iShares Silver Trust by 13.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 30,131 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 3,638 shares during the last quarter.

iShares Silver Trust Stock Down 8.2%

SLV stock opened at $43.79 on Wednesday. The business has a 50 day moving average price of $39.75 and a 200 day moving average price of $34.56. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a fifty-two week low of $26.19 and a fifty-two week high of $49.25.

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.