Stephen J. Garry & Associates LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 9,185 shares of the exchange traded fund’s stock, valued at approximately $592,000. iShares Silver Trust makes up 0.5% of Stephen J. Garry & Associates LLC’s investment portfolio, making the stock its 28th biggest holding.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. grew its stake in iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after buying an additional 313,816 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of iShares Silver Trust by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after acquiring an additional 26,710 shares during the period. HighTower Advisors LLC lifted its holdings in shares of iShares Silver Trust by 5.7% during the 3rd quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock valued at $74,153,000 after acquiring an additional 94,521 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in iShares Silver Trust by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares during the period.
iShares Silver Trust Trading Down 3.4%
Shares of NYSEARCA SLV opened at $65.79 on Friday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The company has a market cap of $36.22 billion, a P/E ratio of -8.51 and a beta of 0.38. The stock has a fifty day moving average price of $75.11 and a 200 day moving average price of $60.98.
More iShares Silver Trust News
- Positive Sentiment: Geopolitical risk has recently supported precious metals rallies, helping drive SLV’s strong one‑year performance and attracting fresh inflows. SLV Stock Is Up 120% in a Year — Here’s Why
- Neutral Sentiment: Deal activity in the metals sector — Wheaton Precious Metals’ $275M gold/silver streaming purchase — signals ongoing industry investment and production plans but has an indirect impact on SLV (fund tracks metal prices, not miners). Wheaton Precious Metals to buy gold, silver stream
- Neutral Sentiment: Several analysts and forecasters highlight rebounds and possible longer‑term support for metals if inflation persists and growth slows — these are watch‑list items for investors but not immediate price catalysts. Recovery as Growth Slows and Inflation Persists
- Negative Sentiment: Macro headwinds: a stronger USD and rising U.S. bond yields have pressured gold and silver prices this week, a primary driver of SLV’s drop as investors rotate out of metal exposures. Gold, silver solidly down amid USDX gains
- Negative Sentiment: Technical/price pressure: analysts and technical reports point to bearish momentum (e.g., silver slipping below key moving averages and bears taking control), which can amplify short‑term selling in SLV. Bears Take Control — Technical Forecast
- Negative Sentiment: Volatility and structural concerns: commentary notes SLV’s strong one‑year gain (≈122%) but warns of steep intra‑month drawdowns and tracking/portfolio limitations — a reminder of high volatility risk for ETF holders. SLV Is Up 122% in a Year and Still Has a Serious Portfolio Problem
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.
Featured Articles
Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.
