Transform Wealth LLC Invests $2.46 Million in iShares Silver Trust (NYSEARCA:SLV)

Transform Wealth LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 93,545 shares of the exchange traded fund’s stock, valued at approximately $2,463,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SLV. Quadrature Capital Ltd purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth about $91,122,000. Toronto Dominion Bank raised its holdings in iShares Silver Trust by 18.6% in the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after buying an additional 358,806 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of iShares Silver Trust by 258.4% in the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after buying an additional 1,370,298 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of iShares Silver Trust by 1.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,875,896 shares of the exchange traded fund’s stock valued at $53,294,000 after buying an additional 30,116 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of iShares Silver Trust by 14.5% during the second quarter. Cetera Investment Advisers now owns 935,476 shares of the exchange traded fund’s stock valued at $24,856,000 after acquiring an additional 118,715 shares in the last quarter.

iShares Silver Trust Trading Down 1.5 %

SLV stock opened at $27.61 on Tuesday. The stock’s 50 day simple moving average is $27.63 and its 200 day simple moving average is $27.68. iShares Silver Trust has a 12-month low of $20.07 and a 12-month high of $31.80. The stock has a market capitalization of $12.96 billion, a PE ratio of -7.01 and a beta of 0.43.

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.