Envestnet Asset Management Inc. increased its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 923,317 shares of the exchange traded fund’s stock after buying an additional 130,286 shares during the period. Envestnet Asset Management Inc. owned 0.18% of iShares Silver Trust worth $20,424,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mach 1 Financial Group LLC acquired a new position in iShares Silver Trust during the first quarter worth $10,181,000. Resurgent Financial Advisors LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth about $26,000. Covestor Ltd bought a new position in iShares Silver Trust in the 1st quarter valued at about $28,000. GoalVest Advisory LLC acquired a new position in iShares Silver Trust during the 1st quarter valued at about $29,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in iShares Silver Trust during the 4th quarter worth approximately $29,000.
iShares Silver Trust Price Performance
Shares of iShares Silver Trust stock opened at $22.17 on Friday. iShares Silver Trust has a 52 week low of $16.48 and a 52 week high of $23.94. The business has a 50 day moving average price of $21.69 and a 200-day moving average price of $21.57.
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.
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