Axim Planning & Wealth Takes Position in iShares Silver Trust $SLV

Axim Planning & Wealth bought a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,148 shares of the exchange traded fund’s stock, valued at approximately $345,000.

Several other large investors also recently bought and sold shares of the stock. Center for Financial Planning Inc. acquired a new position in shares of iShares Silver Trust during the second quarter worth about $25,000. Addison Advisors LLC purchased a new position in iShares Silver Trust in the second quarter worth approximately $31,000. Nexus Investment Management ULC grew its holdings in iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $32,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of iShares Silver Trust in the 2nd quarter valued at $38,000.

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iShares Silver Trust Trading Up 5.2%

Shares of SLV stock opened at $70.19 on Friday. The company has a market cap of $38.64 billion, a P/E ratio of -8.51 and a beta of 0.38. The firm has a fifty day moving average price of $70.78 and a 200 day moving average price of $51.04. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83.

About iShares Silver Trust

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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