Nicholson Wealth Management Group LLC Takes $225,000 Position in iShares Silver Trust $SLV

Nicholson Wealth Management Group LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,860 shares of the exchange traded fund’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of iShares Silver Trust by 13.4% during the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at $162,217,000. Meitav Investment House Ltd. raised its stake in iShares Silver Trust by 5.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after acquiring an additional 152,600 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after acquiring an additional 1,460,084 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in iShares Silver Trust by 8.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock worth $65,260,000 after acquiring an additional 166,148 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $46.99 on Friday. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. The business has a fifty day moving average of $39.29 and a 200 day moving average of $34.29. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $49.25.

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.