Envestnet Asset Management Inc. Acquires 259,988 Shares of iShares Silver Trust (NYSEARCA:SLV)

Envestnet Asset Management Inc. lifted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 27.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,190,547 shares of the exchange traded fund’s stock after acquiring an additional 259,988 shares during the period. Envestnet Asset Management Inc. owned approximately 0.25% of iShares Silver Trust worth $31,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SLV. NWI Management LP grew its stake in shares of iShares Silver Trust by 10,526.6% in the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after buying an additional 5,263,305 shares during the period. Meitav Investment House Ltd. acquired a new stake in shares of iShares Silver Trust in the 2nd quarter valued at about $45,688,000. Cetera Investment Advisers grew its stake in shares of iShares Silver Trust by 842.7% in the 1st quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after buying an additional 730,121 shares during the period. RIA Advisory Group LLC grew its stake in shares of iShares Silver Trust by 3,532.2% in the 1st quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock valued at $16,786,000 after buying an additional 717,540 shares during the period. Finally, Caxton Associates LP acquired a new stake in shares of iShares Silver Trust in the 1st quarter valued at about $10,506,000.

iShares Silver Trust Price Performance

Shares of SLV opened at $28.41 on Friday. The stock has a 50-day moving average of $26.43 and a 200-day moving average of $25.93. The company has a market cap of $13.33 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56.

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.