Darwin Wealth Management LLC Makes New $62,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

Darwin Wealth Management LLC purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,189 shares of the exchange traded fund’s stock, valued at approximately $62,000.

Other institutional investors have also made changes to their positions in the company. AlphaMark Advisors LLC lifted its holdings in shares of iShares Silver Trust by 57.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 372 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $29,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in iShares Silver Trust in the 2nd quarter worth approximately $32,000.

iShares Silver Trust Stock Down 1.4 %

Shares of iShares Silver Trust stock opened at $28.12 on Thursday. The stock has a market capitalization of $13.20 billion, a P/E ratio of -7.01 and a beta of 0.43. The stock has a 50 day moving average price of $28.96 and a two-hundred day moving average price of $27.55. iShares Silver Trust has a 12-month low of $20.07 and a 12-month high of $31.80.

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.