Centric Wealth Management Invests $218,000 in iShares Silver Trust (NYSEARCA:SLV)

Centric Wealth Management purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,683 shares of the exchange traded fund’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLV. Lazard Asset Management LLC increased its holdings in iShares Silver Trust by 9.1% during the first quarter. Lazard Asset Management LLC now owns 17,084 shares of the exchange traded fund’s stock worth $388,000 after buying an additional 1,430 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of iShares Silver Trust by 7.0% in the 1st quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock worth $381,000 after purchasing an additional 1,110 shares during the period. Cetera Investment Advisers raised its holdings 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 worth $18,581,000 after purchasing an additional 730,121 shares during the period. Cetera Advisors LLC grew its holdings in iShares Silver Trust by 12.9% during the first quarter. Cetera Advisors LLC now owns 103,554 shares of the exchange traded fund’s stock valued at $2,356,000 after purchasing an additional 11,852 shares during the period. Finally, Cetera Advisor Networks LLC increased its position in iShares Silver Trust by 5.7% in the first quarter. Cetera Advisor Networks LLC now owns 646,741 shares of the exchange traded fund’s stock worth $14,713,000 after buying an additional 34,721 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $27.45 on Friday. The stock has a market capitalization of $12.88 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a one year low of $20.07 and a one year high of $31.80. The business’s fifty day moving average price is $28.98 and its 200-day moving average price is $27.64.

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.