Wealthfront Advisers LLC Grows Stake in iShares Silver Trust $SLV

Wealthfront Advisers LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 37.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 253,414 shares of the exchange traded fund’s stock after purchasing an additional 68,916 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares Silver Trust were worth $10,737,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SLV. GLOBALT Investments LLC GA bought a new stake in iShares Silver Trust in the 2nd quarter worth about $29,459,000. Guggenheim Capital LLC boosted its holdings in shares of iShares Silver Trust by 1,557.6% during the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after acquiring an additional 859,355 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of iShares Silver Trust in the second quarter worth approximately $26,643,000. Yong Rong HK Asset Management Ltd raised its holdings in shares of iShares Silver Trust by 299.6% during the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after purchasing an additional 599,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in iShares Silver Trust during the second quarter valued at approximately $17,597,000.

iShares Silver Trust Trading Up 4.3%

Shares of SLV stock opened at $76.56 on Thursday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The stock has a market capitalization of $42.15 billion, a P/E ratio of -8.51 and a beta of 0.38. The firm’s 50 day moving average is $72.12 and its 200 day moving average is $51.98.

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.