Parisi Gray Wealth Management acquired a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,183 shares of the exchange traded fund’s stock, valued at approximately $1,700,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Axiom Investment Management LLC purchased a new position in iShares Silver Trust during the first quarter valued at approximately $26,000. Horizons Wealth Management acquired a new position in iShares Silver Trust in the third quarter valued at approximately $26,000. West Branch Capital LLC purchased a new stake in iShares Silver Trust in the 2nd quarter worth approximately $27,000. Bullseye Investment Management LLC purchased a new stake in iShares Silver Trust in the 2nd quarter worth approximately $27,000. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of iShares Silver Trust during the 2nd quarter worth approximately $38,000.
iShares Silver Trust Stock Down 0.8%
Shares of NYSEARCA SLV traded down $0.41 during midday trading on Friday, reaching $51.51. 14,865,445 shares of the stock were exchanged, compared to its average volume of 44,699,426. The firm has a market cap of $27.72 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51. The firm has a 50-day simple moving average of $57.81 and a two-hundred day simple moving average of $60.75. iShares Silver Trust has a twelve month low of $41.70 and a twelve month high of $109.83.
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.
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