Leo Wealth LLC Acquires Shares of 6,862 iShares Silver Trust $SLV

Leo Wealth LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) during the second quarter, Holdings Channel reports. The fund acquired 6,862 shares of the exchange traded fund’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLV. Farther Finance Advisors LLC raised its holdings in shares of iShares Silver Trust by 33.3% during the 1st quarter. Farther Finance Advisors LLC now owns 8,463 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 2,112 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares Silver Trust by 6.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,076,568 shares of the exchange traded fund’s stock valued at $33,363,000 after acquiring an additional 68,041 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares Silver Trust by 13.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 30,131 shares of the exchange traded fund’s stock valued at $934,000 after acquiring an additional 3,638 shares during the last quarter. Apella Capital LLC acquired a new position in shares of iShares Silver Trust during the 2nd quarter valued at about $291,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares Silver Trust by 21.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 214,948 shares of the exchange traded fund’s stock valued at $6,661,000 after buying an additional 37,464 shares during the period.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $45.43 on Friday. The firm has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $33.71. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $46.35. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59.

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.