New Wave Wealth Advisors LLC Invests $619,000 in iShares Silver Trust (NYSEARCA:SLV)

New Wave Wealth Advisors LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,285 shares of the exchange traded fund’s stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at $26,000. AlphaMark Advisors LLC increased its stake in iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of iShares Silver Trust during the second quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares Silver Trust in the second quarter valued at approximately $32,000. Finally, West Oak Capital LLC grew its holdings in shares of iShares Silver Trust by 102.3% in the second quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 655 shares in the last quarter.

iShares Silver Trust Stock Down 1.6 %

Shares of SLV opened at $28.41 on Tuesday. The company has a market cap of $13.33 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56. The firm’s 50 day moving average price is $26.60 and its 200 day moving average price is $26.31.

iShares Silver Trust Company 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.