iShares Silver Trust $SLV Shares Bought by Everest Financial Group LLC

Everest Financial Group LLC lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 195.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,144 shares of the exchange traded fund’s stock after buying an additional 25,902 shares during the quarter. Everest Financial Group LLC’s holdings in iShares Silver Trust were worth $2,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tudor Financial Inc. boosted its holdings in shares of iShares Silver Trust by 265.8% in the second quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock worth $1,279,000 after acquiring an additional 17,387 shares during the period. HighTower Advisors LLC boosted its position in shares of iShares Silver Trust by 7.5% in the second quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock valued at $62,300,000 after acquiring an additional 81,257 shares during the period. Highland Investment Advisors LLC bought a new position in shares of iShares Silver Trust in the second quarter valued at approximately $746,000. Concurrent Investment Advisors LLC boosted its position in shares of iShares Silver Trust by 32.9% in the second quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock valued at $5,495,000 after acquiring an additional 25,431 shares during the period. Finally, Headlands Technologies LLC purchased a new position in iShares Silver Trust during the second quarter valued at approximately $446,000.

More iShares Silver Trust News

Here’s some of the latest news about SLV:

• Positive Sentiment: BlackRock’s iShares investment strategist said gold and silver have important portfolio uses beyond serving as defensive assets, and that key sources of demand continue to support both metals. This offers a longer-term counterpoint to near-term price weakness. ‘We believe gold and silver are not simply defensive assets’ – BlackRock’s Akullian
• Negative Sentiment: Silver fell alongside gold as Treasury yields and the dollar rose, with markets pricing in further Fed rate increases. Separate market coverage also pointed to fading solar-sector demand and said investment demand may not make up for that slowdown—another potential headwind for silver prices and SLV. Gold, silver slide as Treasury yields surge, Fed hike concerns intensify BMO says silver’s solar boom is fading, investment demand unlikely to compensate
• Negative Sentiment: Recent analysis described significant near-term headwinds for SLV, noting its steep retreat from its record high and the macroeconomic pressures weighing on silver. Is the iShares Silver Trust a Buy After Falling Nearly 60% From Its High?

iShares Silver Trust Trading Down 3.3%

Shares of NYSEARCA:SLV opened at $45.12 on Friday. The company has a 50 day moving average of $53.20 and a 200 day moving average of $62.59. The stock has a market cap of $25.31 billion, a P/E ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 12 month low of $44.11 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.