Wealthfront Advisers LLC Has $25.61 Million Stake in iShares Silver Trust $SLV

Wealthfront Advisers LLC lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 17.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,833 shares of the exchange traded fund’s stock after purchasing an additional 57,070 shares during the quarter. Wealthfront Advisers LLC owned 0.07% of iShares Silver Trust worth $25,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Sarver Vrooman Wealth Advisors purchased a new position in iShares Silver Trust in the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth about $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $33,000. Sfam LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $33,000. Finally, Redwood Park Advisors LLC grew its stake in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares in the last quarter.

iShares Silver Trust Stock Down 1.8%

SLV stock opened at $52.21 on Thursday. The company has a market capitalization of $27.89 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The firm has a 50 day moving average of $62.38 and a two-hundred day moving average of $69.60.

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.