Private Wealth Advisors LLC Has $3.12 Million Stock Position in iShares Silver Trust $SLV

Private Wealth Advisors LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 51.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,419 shares of the exchange traded fund’s stock after selling 52,322 shares during the quarter. Private Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $3,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Fortis Group Advisors LLC increased its position in shares of iShares Silver Trust by 8.2% in the fourth quarter. Fortis Group Advisors LLC now owns 109,626 shares of the exchange traded fund’s stock worth $7,062,000 after purchasing an additional 8,313 shares during the period. Motco bought a new position in shares of iShares Silver Trust in the fourth quarter worth $133,000. Flaharty Asset Management LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth $251,000. Harmony Asset Management LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth $228,000. Finally, Aspen Investment Management Inc increased its position in shares of iShares Silver Trust by 34.1% in the fourth quarter. Aspen Investment Management Inc now owns 13,034 shares of the exchange traded fund’s stock worth $840,000 after purchasing an additional 3,315 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $68.73 on Thursday. iShares Silver Trust has a 52 week low of $29.78 and a 52 week high of $109.83. The stock has a market capitalization of $38.90 billion, a P/E ratio of -8.51 and a beta of 0.45. The stock’s fifty day moving average is $69.38 and its 200 day moving average is $67.30.

Key Headlines Impacting iShares Silver Trust

Here are the key news stories impacting iShares Silver Trust this week:

• Positive Sentiment: Silver prices are rebounding in early trading as Treasury yields ease and oil markets retreat, making precious metals more attractive to investors. Gold, silver rebound as yields ease, Hormuz risk premium narrows – Kitco AM Report
• Positive Sentiment: A sharp selloff in oil has boosted demand for safe-haven and inflation-hedge assets like silver, helping sentiment around SLV. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Markets Dive 5.5%
• Neutral Sentiment: Recent commentary suggests silver could have strong upside longer term, with some analysts favoring it over gold and platinum, but this is more of a medium-term thesis than an immediate catalyst. Gold will hit $5,800 ATH by December, but silver has highest upside, platinum has breakout potential – MKS PAMP’s Shiels
• Negative Sentiment: Earlier in the session, silver was under pressure from rising Treasury yields, a stronger U.S. dollar, and fading geopolitical risk premiums, which had pushed prices below key support levels. Gold drops below $4,500, silver breaks $74 support as Iran talks stall – Kitco PM Report

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. 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.