Truepoint Inc. Makes New Investment in iShares Silver Trust $SLV

Truepoint Inc. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,544 shares of the exchange traded fund’s stock, valued at approximately $679,000.

Several other large investors also recently added to or reduced their stakes in the stock. NewEdge Wealth LLC increased its position in shares of iShares Silver Trust by 99.6% during the third quarter. NewEdge Wealth LLC now owns 43,195 shares of the exchange traded fund’s stock worth $1,885,000 after purchasing an additional 21,551 shares in the last quarter. Ameliora Wealth Management Ltd. increased its position in shares of iShares Silver Trust by 15.4% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after purchasing an additional 11,563 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of iShares Silver Trust by 33.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock worth $2,433,000 after purchasing an additional 9,391 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of iShares Silver Trust by 47.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock worth $1,869,000 after purchasing an additional 9,384 shares in the last quarter. Finally, Finer Wealth Management Inc. acquired a new position in shares of iShares Silver Trust during the fourth quarter worth $709,000.

Trending Headlines about 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 Trading Down 2.3%

Shares of SLV stock opened at $57.66 on Thursday. The business’s fifty day simple moving average is $68.63 and its 200-day simple moving average is $69.48. The company has a market cap of $32.64 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $32.06 and a 12-month high of $109.83.

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.