WealthShield Partners LLC has significantly increased its stake in the iShares Silver Trust, raising its holdings by 37.4% during the second quarter of 2023. According to the firm’s latest filing with the Securities and Exchange Commission, WealthShield now owns 15,489 shares of the exchange-traded fund (ETF), having acquired an additional 4,218 shares over the quarter. As of this filing, these holdings are valued at approximately $508,000.
This move reflects a broader trend among institutional investors, as several firms have also recently adjusted their positions in the iShares Silver Trust. The Center for Financial Planning Inc. entered the market by purchasing new shares valued at around $25,000. Similarly, Highline Wealth Partners LLC and Addison Advisors LLC acquired new stakes valued at approximately $26,000 and $31,000, respectively.
Another notable investor, Financial Management Professionals Inc., increased its holdings by 37.6% in the same quarter, now owning 1,105 shares worth about $36,000 after buying an additional 302 shares. Additionally, Trust Co. of Toledo NA OH made a new investment in the iShares Silver Trust valued at $38,000.
The iShares Silver Trust has experienced fluctuations in stock value recently. On Friday, it opened at $45.96, a decrease of 3.1%. The fund has recorded a 52-week low of $26.19 and a 52-week high of $49.25. Currently, the fund’s performance is reflected in its fifty-day simple moving average of $42.99 and a 200-day simple moving average of $36.53.
With a market capitalization of $24.76 billion, the iShares Silver Trust shows a price-to-earnings (P/E) ratio of -8.51 and a beta of 0.38. The Trust operates by holding physical silver, which is transferred to it in exchange for shares, representing a fractional ownership interest in its net assets.
Investors interested in the latest developments regarding the iShares Silver Trust can monitor ongoing changes in institutional holdings and market performance. This information may provide insights into broader market trends and investment strategies related to precious metals.
