Power Wealth Management LLC Boosts Stock Position in iShares Silver Trust $SLV

Power Wealth Management LLC grew its position in iShares Silver Trust (NYSEARCA:SLV) by 156.2% during the second quarter, Holdings Channel reports. The firm owned 19,683 shares of the exchange traded fund’s stock after acquiring an additional 12,001 shares during the period. Power Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,052,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares during the period. Bison Wealth LLC acquired a new stake in iShares Silver Trust during the 4th quarter valued at approximately $238,000. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Silver Trust in the 1st quarter valued at $443,000. Schnieders Capital Management LLC. increased its stake in shares of iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 1,300 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of iShares Silver Trust in the second quarter worth $886,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $60.55 on Friday. The company has a market capitalization of $32.34 billion, a PE ratio of -8.51 and a beta of 0.53. The company has a fifty day moving average of $55.91 and a 200 day moving average of $64.22. iShares Silver Trust has a 1 year low of $36.63 and a 1 year high of $109.83.

About iShares Silver Trust

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.