Nwam LLC Invests $3.72 Million in iShares Silver Trust (NYSEARCA:SLV)

Nwam LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 130,836 shares of the exchange traded fund’s stock, valued at approximately $3,717,000.

Other hedge funds also recently modified their holdings of the company. Whitaker Myers Wealth Managers LTD. increased its holdings in shares of iShares Silver Trust by 3.1% during the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 11,339 shares of the exchange traded fund’s stock worth $322,000 after purchasing an additional 340 shares during the period. Moloney Securities Asset Management LLC increased its holdings in shares of iShares Silver Trust by 3.3% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,097 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 356 shares during the period. Columbus Macro LLC increased its holdings in shares of iShares Silver Trust by 1.8% during the 3rd quarter. Columbus Macro LLC now owns 20,462 shares of the exchange traded fund’s stock worth $588,000 after purchasing an additional 368 shares during the period. AlphaMark Advisors LLC boosted its position in shares of iShares Silver Trust by 57.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 372 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of iShares Silver Trust by 3.1% during the 3rd quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock valued at $366,000 after acquiring an additional 383 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $28.42 on Friday. The firm’s 50-day simple moving average is $28.98 and its 200-day simple moving average is $27.56. iShares Silver Trust has a twelve month low of $20.07 and a twelve month high of $31.80. The firm has a market cap of $13.34 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.