Milestone Asset Management LLC Buys New Shares in iShares Silver Trust $SLV

Milestone Asset Management LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, Holdings Channel.com reports. The fund bought 10,602 shares of the exchange traded fund’s stock, valued at approximately $348,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in shares of iShares Silver Trust by 6.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,076,568 shares of the exchange traded fund’s stock worth $33,363,000 after buying an additional 68,041 shares during the period. Apella Capital LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth $291,000. Deutsche Bank AG acquired a new stake in iShares Silver Trust during the first quarter worth about $87,000. OneAscent Financial Services LLC increased its stake in iShares Silver Trust by 5.1% during the first quarter. OneAscent Financial Services LLC now owns 10,310 shares of the exchange traded fund’s stock worth $317,000 after acquiring an additional 497 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in iShares Silver Trust during the first quarter worth about $42,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $42.74 on Wednesday. The firm has a market capitalization of $23.03 billion, a PE ratio of -8.51 and a beta of 0.38. The business has a 50-day moving average of $41.52 and a two-hundred day moving average of $35.70. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $49.25.

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.