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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor's fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption. The Trust seeks to reflect the performance of the price of silver before payment of its expenses and liabilities.
Basic Details
Issuer iShares
Fund NameiShares Silver Trust
Tax ClassificationGrantor Trust
SymbolNYSEARCA:SLV
Inception Date4/21/2006
Fund Manager
WebN/A
Phone+1-415-6702000
Fund Focus
Asset ClassCommodities
BenchmarkLBMA Silver Price
CategoryPrecious Metals
FocusSilver
Development LevelBlended Development
RegionGlobal
Fund Statistics
Assets Under Management$4.52 billion
Average Daily Volume$6.79 million
Discount/Premium-0.05%
ETF Expenses
Management Fee0.50%
Other Expenses0.00%
Total Expenses0.50%
Fee Waiver0.00%
Net Expenses0.50%
Administrator, Advisor and Custodian
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianJPMorgan Chase Bank, N.A., London Branch
DistributorBlackRock Investments, LLC
Transfer AgentThe Bank of New York Mellon Corporation
TrusteeThe Bank of New York Mellon Corporation
Lead Market MakerIMC Chicago
iShares Silver Trust (NYSEARCA:SLV) Frequently Asked Questions
What is iShares Silver Trust's stock symbol?
iShares Silver Trust trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SLV."
Has iShares Silver Trust been receiving favorable news coverage?
Media stories about SLV stock have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. iShares Silver Trust earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned media coverage about the exchange traded fund a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
What other stocks do shareholders of iShares Silver Trust own?
Who are iShares Silver Trust's key executives?
iShares Silver Trust's management team includes the folowing people:
- Patrick J. Dunne, President, Chief Executive Officer of the Sponsor (Age 47)
- Jack Gee, Chief Financial Officer, Director of the sponsor (Age 57)
- Charles C. S. Park, Chief Compliance Officer of the sponsor (Age 50)
- Philip J. Jensen, Director of the Sponsor (Age 56)
- Peter F. Landini, Director of the Sponsor (Age 63)
- Kimun Lee, Director of the Sponsor (Age 69)
- Paul C. Lohrey, Director of the Sponsor (Age 52)
Who are iShares Silver Trust's major shareholders?
iShares Silver Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Toronto Dominion Bank (2.98%), Morgan Stanley (0.73%), Bank of Montreal Can (0.63%), MD Financial Management Inc. (0.46%), Key Group Holdings Cayman LTD. (0.35%) and Teacher Retirement System of Texas (0.24%).
Which institutional investors are selling iShares Silver Trust stock?
SLV stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Marshall Wace LLP, Key Group Holdings Cayman LTD., Smith Moore & CO., Teacher Retirement System of Texas, Money Design Co. Ltd. and Oppenheimer & Co. Inc..
Which institutional investors are buying iShares Silver Trust stock?
SLV stock was purchased by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, MD Financial Management Inc., Bank of Montreal Can, IndexIQ Advisors LLC, GWM Advisors LLC, Sagil Capital LLP, Raymond James & Associates and Donald L. Hagan LLC.
How do I buy shares of iShares Silver Trust?
Shares of SLV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is iShares Silver Trust's stock price today?
One share of SLV stock can currently be purchased for approximately $13.52.
How big of a company is iShares Silver Trust?
iShares Silver Trust has a market capitalization of $4.55 billion.
How can I contact iShares Silver Trust?
iShares Silver Trust's mailing address is 400 Howard St, SAN FRANCISCO, CA 94105-2618, United States. The exchange traded fund can be reached via phone at +1-415-6702000.
MarketBeat Community Rating for iShares Silver Trust (NYSEARCA SLV)
MarketBeat's community ratings are surveys of what our community members think about iShares Silver Trust and other stocks. Vote "Outperform" if you believe SLV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SLV will underperform the S&P 500 over the long term. You may vote once every thirty days.
