iShares Silver Trust $SLV Shares Bought by Power Wealth Management LLC

Power Wealth Management LLC grew its position in iShares Silver Trust (NYSEARCA:SLV) by 156.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,683 shares of the exchange traded fund’s stock after purchasing an additional 12,001 shares during the quarter. Power Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Axiom Investment Management LLC acquired a new position in iShares Silver Trust during the 1st quarter valued at about $26,000. West Branch Capital LLC acquired a new stake in iShares Silver Trust in the second quarter worth about $27,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $32,000. Finally, Redwood Park Advisors LLC increased its holdings in shares of iShares Silver Trust by 106.4% during 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 in the last quarter.

iShares Silver Trust Stock Up 2.5%

Shares of iShares Silver Trust stock opened at $60.55 on Friday. The firm has a market capitalization of $32.34 billion, a P/E ratio of -8.51 and a beta of 0.53. The company has a 50 day moving average price of $55.91 and a 200 day moving average price of $64.22. iShares Silver Trust has a 52 week low of $36.63 and a 52 week high of $109.83.

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.