Aries Wealth Management Invests $200,000 in iShares Silver Trust $SLV

Aries Wealth Management bought a new position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 6,100 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Other hedge funds have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new position in iShares Silver Trust during the first quarter worth $25,000. Highline Wealth Partners LLC acquired a new position in iShares Silver Trust during the second quarter worth $26,000. Trifecta Capital Advisors LLC acquired a new position in iShares Silver Trust during the first quarter worth $31,000. Kentucky Trust Co increased its position in iShares Silver Trust by 185.7% during the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 650 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in iShares Silver Trust by 37.6% during the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 302 shares during the last quarter.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $46.80 on Wednesday. The company has a market capitalization of $25.52 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a one year low of $26.19 and a one year high of $47.44. The company’s fifty day moving average price is $38.48 and its two-hundred day moving average price is $33.95.

iShares Silver Trust Profile

(Free Report)

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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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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