Drive Wealth Management LLC Buys Shares of 6,639 iShares Silver Trust $SLV

Drive Wealth Management LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 6,639 shares of the exchange traded fund’s stock, valued at approximately $218,000.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its position in iShares Silver Trust by 13.4% in 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 acquiring an additional 924,353 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in iShares Silver Trust in the 2nd quarter valued at about $162,217,000. Meitav Investment House Ltd. grew its position 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 valued at $97,589,000 after acquiring an additional 152,600 shares in the last quarter. Ameriprise Financial Inc. grew its position 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 valued at $80,514,000 after acquiring an additional 1,460,084 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position 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 valued at $65,260,000 after acquiring an additional 166,148 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $43.79 on Wednesday. The company has a market cap of $23.92 billion, a P/E ratio of -8.51 and a beta of 0.59. The stock has a 50-day moving average of $39.75 and a two-hundred day moving average of $34.56. 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.