Northwestern Mutual Wealth Management Co. Has $33.41 Million Stake in iShares Silver Trust $SLV

Northwestern Mutual Wealth Management Co. reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 4.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 624,755 shares of the exchange traded fund’s stock after selling 26,689 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Silver Trust were worth $33,406,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SLV. Wedbush Securities Inc. increased its holdings in shares of iShares Silver Trust by 1.2% during the 2nd quarter. Wedbush Securities Inc. now owns 47,110 shares of the exchange traded fund’s stock valued at $2,519,000 after acquiring an additional 560 shares during the last quarter. North Star Asset Management Inc. acquired a new stake in iShares Silver Trust in the 2nd quarter worth approximately $244,000. Axim Planning & Wealth acquired a new stake in iShares Silver Trust in the 2nd quarter worth approximately $201,000. First Bancorp Inc ME bought a new stake in iShares Silver Trust during the second quarter worth approximately $54,000. Finally, Compass Financial Management LLC bought a new stake in iShares Silver Trust during the second quarter worth approximately $729,000.

iShares Silver Trust Stock Down 3.7%

Shares of SLV stock opened at $57.92 on Wednesday. iShares Silver Trust has a 12 month low of $36.43 and a 12 month high of $109.83. The company has a market cap of $30.94 billion, a PE ratio of -8.51 and a beta of 0.50. The business’s 50 day moving average is $55.60 and its two-hundred day moving average is $64.35.

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.