Lakeridge Wealth Management LLC Makes New Investment in iShares Silver Trust (NYSEARCA:SLV)

Lakeridge Wealth Management LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,254 shares of the exchange traded fund’s stock, valued at approximately $256,000.

Several other large investors have also recently added to or reduced their stakes in the company. Prosperity Financial Group Inc. increased its position in iShares Silver Trust by 3.6% during the 4th quarter. Prosperity Financial Group Inc. now owns 9,972 shares of the exchange traded fund’s stock worth $263,000 after buying an additional 349 shares during the period. Banco BTG Pactual S.A. increased its position in iShares Silver Trust by 0.3% during the 4th quarter. Banco BTG Pactual S.A. now owns 119,560 shares of the exchange traded fund’s stock worth $3,220,000 after buying an additional 350 shares during the period. Pathway Financial Advisers LLC increased its position in iShares Silver Trust by 8.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 5,174 shares of the exchange traded fund’s stock worth $136,000 after buying an additional 400 shares during the period. Strategic Investment Solutions Inc. IL increased its position in iShares Silver Trust by 1.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 30,095 shares of the exchange traded fund’s stock worth $770,000 after buying an additional 413 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in iShares Silver Trust by 3.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 13,970 shares of the exchange traded fund’s stock worth $368,000 after buying an additional 440 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $32.97 on Friday. iShares Silver Trust has a 52 week low of $24.25 and a 52 week high of $33.54. The stock has a market capitalization of $16.67 billion, a P/E ratio of -8.51 and a beta of 0.56. The stock’s fifty day moving average is $30.19 and its 200 day moving average is $29.15.

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.