Aberdeen Wealth Management LLC Buys New Holdings in iShares Silver Trust $SLV

Aberdeen Wealth Management LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) during the first quarter, Holdings Channel reports. The fund bought 7,025 shares of the exchange traded fund’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Toronto Dominion Bank lifted its stake in shares of iShares Silver Trust by 89.2% during the fourth quarter. Toronto Dominion Bank now owns 4,321,293 shares of the exchange traded fund’s stock worth $122,646,000 after purchasing an additional 2,037,487 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares Silver Trust by 127.3% during the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after purchasing an additional 1,460,084 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares Silver Trust by 13.4% during the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after purchasing an additional 924,353 shares in the last quarter. Carrhae Capital LLP acquired a new position in shares of iShares Silver Trust during the first quarter worth about $17,880,000. Finally, Kaydan Wealth Management Inc. acquired a new position in shares of iShares Silver Trust during the first quarter worth about $15,050,000.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $37.21 on Friday. iShares Silver Trust has a one year low of $25.27 and a one year high of $37.64. The business’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $31.83. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59.

About iShares Silver Trust

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.