Element Wealth LLC Acquires 16,043 Shares of iShares Silver Trust $SLV

Element Wealth LLC boosted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 320.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,043 shares of the exchange traded fund’s stock after buying an additional 16,043 shares during the quarter. Element Wealth LLC’s holdings in iShares Silver Trust were worth $1,356,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its position in iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after buying an additional 313,816 shares during the period. Ameriprise Financial Inc. grew its position in iShares Silver Trust by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after buying an additional 573,660 shares during the period. Bank of Montreal Can grew its position in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after buying an additional 1,852,688 shares during the period. Mainstay Capital Management LLC ADV grew its position in iShares Silver Trust by 82.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after buying an additional 824,589 shares during the period. Finally, HighTower Advisors LLC grew its position in iShares Silver Trust by 5.7% during the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock valued at $74,153,000 after buying an additional 94,521 shares during the period.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $61.29 on Friday. iShares Silver Trust has a 1-year low of $32.06 and a 1-year high of $109.83. The company has a market capitalization of $34.69 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm’s 50 day simple moving average is $68.35 and its two-hundred day simple moving average is $69.53.

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.