GK Wealth Management LLC Buys New Shares in iShares Silver Trust $SLV

GK Wealth Management LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,355 shares of the exchange traded fund’s stock, valued at approximately $4,564,000. iShares Silver Trust comprises 2.4% of GK Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other large investors also recently bought and sold shares of the stock. Axiom Investment Management LLC acquired a new stake in shares of iShares Silver Trust during the 1st quarter worth $26,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares Silver Trust in the fourth quarter valued at $32,000. Redwood Park Advisors LLC boosted its holdings in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares during the last quarter. Finally, Sfam LLC purchased a new stake in iShares Silver Trust during the fourth quarter valued at about $33,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $53.84 on Wednesday. The firm has a market capitalization of $28.76 billion, a PE ratio of -8.51 and a beta of 0.50. The business has a 50-day moving average of $56.89 and a two-hundred day moving average of $67.74. iShares Silver Trust has a 12 month low of $33.85 and a 12 month high of $109.83.

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. 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.