iShares Silver Trust (NYSEARCA:SLV) Shares Purchased by MGB Wealth Management LLC

MGB Wealth Management LLC raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,950 shares of the exchange traded fund’s stock after buying an additional 2,892 shares during the quarter. MGB Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLV. Meitav Investment House Ltd. acquired a new stake in iShares Silver Trust during the second quarter valued at approximately $45,688,000. RIA Advisory Group LLC acquired a new stake in iShares Silver Trust during the third quarter valued at approximately $20,773,000. Cetera Investment Advisers raised its stake in iShares Silver Trust by 842.7% during the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after buying an additional 730,121 shares in the last quarter. International Assets Investment Management LLC raised its stake in iShares Silver Trust by 3,449.3% during the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after buying an additional 524,609 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in iShares Silver Trust during the first quarter valued at approximately $10,506,000.

iShares Silver Trust Stock Up 1.5 %

Shares of NYSEARCA SLV opened at $28.47 on Friday. The stock’s 50 day moving average price is $28.99 and its two-hundred day moving average price is $27.60. iShares Silver Trust has a 52-week low of $20.07 and a 52-week high of $31.80. The stock has a market capitalization of $13.36 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.