Integrated Wealth Concepts LLC Has $11.66 Million Stake in iShares Silver Trust $SLV

Integrated Wealth Concepts LLC grew its position in iShares Silver Trust (NYSEARCA:SLV) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,299 shares of the exchange traded fund’s stock after purchasing an additional 37,539 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.05% of iShares Silver Trust worth $11,664,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quadrature Capital Ltd raised its position in shares of iShares Silver Trust by 1,691.5% in the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after acquiring an additional 906,747 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after purchasing an additional 859,355 shares during the period. 1832 Asset Management L.P. bought a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $26,643,000. Ameriprise Financial Inc. boosted its position in shares of iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in iShares Silver Trust during the second quarter worth approximately $17,597,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $73.22 on Tuesday. The company has a market cap of $40.31 billion, a P/E ratio of -8.51 and a beta of 0.38. The stock has a 50 day simple moving average of $78.74 and a two-hundred day simple moving average of $58.75. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $109.83.

iShares Silver Trust 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.