Daiwa Securities Group Inc. Reduces Stock Position in iShares Silver Trust $SLV

Daiwa Securities Group Inc. lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 32.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,350 shares of the exchange traded fund’s stock after selling 11,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in iShares Silver Trust were worth $1,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TBH Global Asset Management LLC boosted its holdings in iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after purchasing an additional 104 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares during the last quarter. JNBA Financial Advisors boosted its holdings in iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 132 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in iShares Silver Trust by 1.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock worth $651,000 after purchasing an additional 150 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in iShares Silver Trust by 1.2% in the fourth quarter. Wesbanco Bank Inc. now owns 12,421 shares of the exchange traded fund’s stock worth $800,000 after purchasing an additional 152 shares during the last quarter.

iShares Silver Trust Trading Down 2.3%

Shares of SLV stock opened at $57.66 on Thursday. iShares Silver Trust has a 12-month low of $32.06 and a 12-month high of $109.83. The firm’s 50 day moving average is $68.63 and its 200 day moving average is $69.48. The stock has a market capitalization of $32.64 billion, a P/E ratio of -8.51 and a beta of 0.45.

Key Headlines Impacting iShares Silver Trust

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

• Negative Sentiment: Silver prices are sliding as stronger-than-expected CPI data keeps pressure on the Fed to stay hawkish, pushing yields higher and reducing demand for precious metals. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Traders are increasing bets on a future Fed rate hike, which is hurting gold, silver, and other non-yielding assets like SLV. Gold, silver and bitcoin fall as traders up Fed rate hike bets
• Negative Sentiment: Precious metals are facing broad selling pressure ahead of inflation data, with a stronger dollar and higher oil prices adding to the drag on silver. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data
• Negative Sentiment: Silver has suffered a sharp pullback from recent highs, and multiple reports suggest the metal remains in a technical downtrend, which is weighing on the ETF. Silver Is Sliding Today: What’s Going On?
• Neutral Sentiment: Some analysts argue the recent selloff may eventually create a longer-term silver boom if industrial demand tightens supply, but that is a forward-looking thesis rather than a near-term catalyst. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

iShares Silver Trust Company 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.