iShares Silver Trust $SLV is TSP Capital Management Group LLC’s 7th Largest Position

TSP Capital Management Group LLC reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 34.6% during the first quarter, HoldingsChannel.com reports. The fund owned 264,925 shares of the exchange traded fund’s stock after selling 140,350 shares during the quarter. iShares Silver Trust comprises approximately 4.4% of TSP Capital Management Group LLC’s holdings, making the stock its 7th biggest position. TSP Capital Management Group LLC’s holdings in iShares Silver Trust were worth $18,052,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SLV. Tcfg Wealth Management LLC increased its holdings in shares of iShares Silver Trust by 7.4% in the first quarter. Tcfg Wealth Management LLC now owns 4,024 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 279 shares during the last quarter. American Institute for Advanced Investment Management LLP lifted its position in shares of iShares Silver Trust by 31.0% in the first quarter. American Institute for Advanced Investment Management LLP now owns 13,104 shares of the exchange traded fund’s stock worth $893,000 after buying an additional 3,100 shares in the last quarter. Key Financial Inc boosted its stake in iShares Silver Trust by 2,478.3% during the first quarter. Key Financial Inc now owns 1,779 shares of the exchange traded fund’s stock valued at $121,000 after buying an additional 1,710 shares during the last quarter. Ellenbecker Investment Group bought a new position in iShares Silver Trust during the first quarter valued at approximately $215,000. Finally, Midwest Financial Partners Investments Inc. purchased a new position in iShares Silver Trust during the 1st quarter valued at approximately $337,000.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $53.58 on Thursday. iShares Silver Trust has a 1 year low of $32.93 and a 1 year high of $109.83. The stock’s 50 day simple moving average is $65.16 and its two-hundred day simple moving average is $70.10. The company has a market cap of $28.62 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50.

iShares Silver Trust News Roundup

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

• Positive Sentiment: Silver prices are rebounding from recent lows, with technical analysts saying the correction may be nearing an end and that silver is holding important support levels. Silver Accumulation Time As The Correction Comes To An End (Technical Analysis)
• Positive Sentiment: Kitco reported that spot gold and silver moved higher as traders looked ahead to the June employment report and covered short positions near support. Gold, silver rise as NFP risk keeps dollar, yields bid – Kitco PM Report
• Positive Sentiment: Several market outlook pieces pointed to constrained mine supply, official-sector demand, and industrial usage as longer-term support for silver prices. Gold (XAUUSD) & Silver Price Forecast: Gold Defends Triple Bottom at $3,973 as Silver Holds Channel Floor — Next Move?
• Neutral Sentiment: Silver’s sharp June decline is still a concern for investors, with one report calling it the metal’s worst month since 2011 and noting that Wall Street’s popular trade had unraveled. Silver’s worst month since 2011: Why Wall Street’s favorite trade unraveled
• Negative Sentiment: Higher U.S. Treasury yields, a firmer dollar, and rising Fed rate-hike risk are still capping the rebound in precious metals, which could limit near-term upside for SLV. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report

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.