Chicago Wealth Management Inc. Invests $3.57 Million in iShares Silver Trust (NYSEARCA:SLV)

Chicago Wealth Management Inc. acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 134,470 shares of the exchange traded fund’s stock, valued at approximately $3,573,000. iShares Silver Trust makes up about 2.1% of Chicago Wealth Management Inc.’s investment portfolio, making the stock its 18th biggest position.

Other large investors have also added to or reduced their stakes in the company. Sovereign Financial Group Inc. bought a new position in iShares Silver Trust in the first quarter valued at approximately $325,000. Scarborough Advisors LLC bought a new position in shares of iShares Silver Trust in the fourth quarter valued at $148,000. RFG Advisory LLC acquired a new position in iShares Silver Trust during the first quarter worth $1,362,000. Sequoia Financial Advisors LLC raised its position in iShares Silver Trust by 29.8% during the second quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock worth $318,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in iShares Silver Trust by 7.9% in the first quarter. Atomi Financial Group Inc. now owns 12,176 shares of the exchange traded fund’s stock valued at $277,000 after acquiring an additional 888 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of SLV opened at $28.86 on Friday. The company has a market cap of $13.55 billion, a PE ratio of -7.01 and a beta of 0.43. The firm has a 50-day moving average of $26.56 and a 200-day moving average of $26.24. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56.

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.