Wealthfront Advisers LLC Has $25.61 Million Stock Position in iShares Silver Trust $SLV

Wealthfront Advisers LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 17.9% during the 1st quarter, HoldingsChannel reports. The fund owned 375,833 shares of the exchange traded fund’s stock after buying an additional 57,070 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares Silver Trust were worth $25,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in iShares Silver Trust in the first quarter valued at about $2,762,000. Ameliora Wealth Management Ltd. lifted its position in iShares Silver Trust by 15.4% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after buying an additional 11,563 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in iShares Silver Trust by 33.1% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock worth $2,433,000 after acquiring an additional 9,391 shares during the last quarter. Finer Wealth Management Inc. acquired a new stake in iShares Silver Trust in the 4th quarter valued at about $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of iShares Silver Trust by 47.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock worth $1,869,000 after acquiring an additional 9,384 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $52.21 on Thursday. The stock’s fifty day moving average price is $62.38 and its two-hundred day moving average price is $69.60. iShares Silver Trust has a 52-week low of $33.10 and a 52-week high of $109.83. The company has a market cap of $27.89 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

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.