DCF Advisers LLC Sells 27,500 Shares of iShares Silver Trust $SLV

DCF Advisers LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,500 shares of the exchange traded fund’s stock after selling 27,500 shares during the quarter. iShares Silver Trust accounts for approximately 1.2% of DCF Advisers LLC’s portfolio, making the stock its 23rd largest position. DCF Advisers LLC’s holdings in iShares Silver Trust were worth $4,670,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at $30,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at $33,000. BOK Financial Private Wealth Inc. bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at $34,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of iShares Silver Trust by 274.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 425 shares in the last quarter. Finally, Bangor Savings Bank bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at $38,000.

Key iShares Silver Trust News

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 Trading Down 2.3%

Shares of SLV stock opened at $57.66 on Thursday. The firm has a market capitalization of $32.64 billion, a PE ratio of -8.51 and a beta of 0.45. The firm has a fifty day simple moving average of $68.63 and a two-hundred day simple moving average of $69.48. iShares Silver Trust has a 12 month low of $32.06 and a 12 month high of $109.83.

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.