Csenge Advisory Group Sells 36,951 Shares of iShares Silver Trust $SLV

Csenge Advisory Group cut its stake in iShares Silver Trust (NYSEARCA:SLV) by 60.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,774 shares of the exchange traded fund’s stock after selling 36,951 shares during the period. Csenge Advisory Group’s holdings in iShares Silver Trust were worth $1,296,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Red Cedar Investment Management LLC raised its stake in shares of iShares Silver Trust by 3.3% in the 3rd quarter. Red Cedar Investment Management LLC now owns 274,125 shares of the exchange traded fund’s stock valued at $14,943,000 after purchasing an additional 8,653 shares in the last quarter. United Capital Management of KS Inc. lifted its position in shares of iShares Silver Trust by 19.4% during the third quarter. United Capital Management of KS Inc. now owns 5,796 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 941 shares during the last quarter. Vestor Capital LLC grew its stake in iShares Silver Trust by 2,065.6% in the third quarter. Vestor Capital LLC now owns 39,457 shares of the exchange traded fund’s stock worth $2,151,000 after purchasing an additional 37,635 shares in the last quarter. AlphaCore Capital LLC grew its stake in iShares Silver Trust by 26.0% in the third quarter. AlphaCore Capital LLC now owns 15,947 shares of the exchange traded fund’s stock worth $869,000 after purchasing an additional 3,292 shares in the last quarter. Finally, Clear Wave Wealth Management LLC grew its stake in iShares Silver Trust by 111.6% in the third quarter. Clear Wave Wealth Management LLC now owns 6,200 shares of the exchange traded fund’s stock worth $338,000 after purchasing an additional 59,626 shares in the last quarter.

iShares Silver Trust Stock Down 3.3%

Shares of iShares Silver Trust stock opened at $45.12 on Friday. The firm has a market cap of $25.31 billion, a P/E ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a fifty-two week low of $44.11 and a fifty-two week high of $109.83. The business has a 50-day moving average price of $53.20 and a 200 day moving average price of $62.59.

iShares Silver Trust News Summary

Here’s some of the latest news about SLV:

• Neutral Sentiment: A comparison of silver funds says the Global X Silver Miners ETF has outperformed SLV this year, and could continue to do so even if silver rebounds. This highlights relative-performance risk for SLV investors. Silver ETF vs. Silver Miners ETF: Which Has Held Up Better This Year?
• Negative Sentiment: Silver fell alongside gold as Treasury yields and the dollar rose, with markets pricing in further Fed rate increases. Separate market coverage also pointed to fading solar-sector demand and said investment demand may not make up for that slowdown—another potential headwind for silver prices and SLV. Gold, silver slide as Treasury yields surge, Fed hike concerns intensify BMO says silver’s solar boom is fading, investment demand unlikely to compensate
• Negative Sentiment: Recent analysis described significant near-term headwinds for SLV, noting its steep retreat from its record high and the macroeconomic pressures weighing on silver. Is the iShares Silver Trust a Buy After Falling Nearly 60% From Its High?

iShares Silver Trust 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. 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.