Harbour Investments Inc. Purchases 13,213 Shares of iShares Silver Trust $SLV

Harbour Investments Inc. grew its position in iShares Silver Trust (NYSEARCA:SLV) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 55,423 shares of the exchange traded fund’s stock after acquiring an additional 13,213 shares during the period. Harbour Investments Inc.’s holdings in iShares Silver Trust were worth $3,570,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. TBH Global Asset Management LLC raised its stake in shares of 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 valued at $439,000 after acquiring an additional 104 shares during the period. Westside Investment Management Inc. grew its holdings in iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 130 shares in the last quarter. JNBA Financial Advisors increased its holdings in iShares Silver Trust by 1.2% during the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares during the period. Wolff Wiese Magana LLC increased its holdings in iShares Silver Trust by 1.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock valued at $651,000 after buying an additional 150 shares during the period. Finally, Wesbanco Bank Inc. grew its position in shares of iShares Silver Trust by 1.2% in the 4th quarter. Wesbanco Bank Inc. now owns 12,421 shares of the exchange traded fund’s stock worth $800,000 after buying an additional 152 shares during the last quarter.

iShares Silver Trust News Summary

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

• Positive Sentiment: Bank of America said silver could still reach $100 an ounce this year, which reinforces the longer-term upside case for the metal even though it warned that momentum may not last. Silver can reach $100 an ounce this year, but the momentum won’t last – Bank of America
• Positive Sentiment: Industrial demand remains a supporting factor, with Reuters noting that higher silver prices are adding costs for U.S. solar customers, highlighting continued usage demand from the solar sector. Aluminium price spike from Mideast war fans costs for US solar industry
• Positive Sentiment: Royal Mint bullion sales were reported at record levels in the first quarter, underscoring strong underlying demand for silver and other precious metals despite near-term price volatility. Royal Mint sees record gold, silver bullion sales between January and March

iShares Silver Trust Stock Down 3.2%

Shares of iShares Silver Trust stock opened at $67.50 on Thursday. The firm’s 50 day moving average price is $68.64 and its 200-day moving average price is $68.18. iShares Silver Trust has a 52-week low of $29.78 and a 52-week high of $109.83. The company has a market cap of $38.21 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.