Northwestern Mutual Wealth Management Co. Has $33.41 Million Stake in iShares Silver Trust $SLV

Northwestern Mutual Wealth Management Co. trimmed its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 624,755 shares of the exchange traded fund’s stock after selling 26,689 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.12% of iShares Silver Trust worth $33,406,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of iShares Silver Trust during the 1st quarter valued at $2,762,000. Financial Partners Group Inc acquired a new position in shares of iShares Silver Trust in the fourth quarter worth $509,000. Renaissance Technologies LLC acquired a new position in shares of iShares Silver Trust in the first quarter worth $7,437,000. Thoroughbred Financial Services LLC raised its holdings in shares of iShares Silver Trust by 77.2% during the fourth quarter. Thoroughbred Financial Services LLC now owns 22,513 shares of the exchange traded fund’s stock worth $1,450,000 after acquiring an additional 9,811 shares in the last quarter. Finally, Price Capital Management Inc. boosted its position in iShares Silver Trust by 92.1% during the fourth quarter. Price Capital Management Inc. now owns 113,740 shares of the exchange traded fund’s stock valued at $7,327,000 after purchasing an additional 54,520 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $57.92 on Wednesday. The business’s 50-day moving average price is $55.60 and its two-hundred day moving average price is $64.35. iShares Silver Trust has a one year low of $36.43 and a one year high of $109.83. The company has a market capitalization of $30.94 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.