Great Valley Advisor Group Inc. Sells 56,990 Shares of iShares Silver Trust $SLV

Great Valley Advisor Group Inc. lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 463,306 shares of the exchange traded fund’s stock after selling 56,990 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in iShares Silver Trust were worth $29,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLV. Teacher Retirement System of Texas raised its position in iShares Silver Trust by 259.9% during the fourth quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock valued at $90,188,000 after acquiring an additional 1,011,000 shares in the last quarter. Quadrature Capital Ltd raised its position in iShares Silver Trust by 1,691.5% during the third quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock valued at $40,681,000 after acquiring an additional 906,747 shares in the last quarter. Mainstay Capital Management LLC ADV raised its position in iShares Silver Trust by 478.6% during the third quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after acquiring an additional 827,089 shares in the last quarter. Briaud Financial Planning Inc raised its position in iShares Silver Trust by 5,493.2% during the third quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock valued at $26,314,000 after acquiring an additional 609,960 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares Silver Trust by 27.3% during the third 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 in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $60.82 on Friday. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The firm has a market cap of $34.42 billion, a PE ratio of -8.51 and a beta of 0.45. The firm’s 50 day moving average price is $68.48 and its 200 day moving average price is $69.59.

Key Headlines Impacting iShares Silver Trust

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

• Positive Sentiment: Silver and platinum are seeing some dip-buying, with traders attempting to rebuild upside momentum after the recent decline. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Neutral Sentiment: Silver is trying to hold a key support area around $60 per ounce, and traders are watching that level closely after recent volatility. Precious metals traders prepare to defend $4,000 gold, while break of $60 silver would be ‘catastrophic’ – FX Empire’s Lewis
• Neutral Sentiment: Some analysts say the metal is oversold and may bounce, but the rebound is still fragile and dependent on technical support holding. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs CPI Pressure — Next Bounce for XAU & XAG?
• Negative Sentiment: Silver has been sliding on broad precious-metals weakness, with inflation data, higher Treasury yields, and growing bets on a Fed rate hike weighing on prices. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Traders are increasingly cautious on gold and silver amid strong dollar pressure and expectations that the Federal Reserve may keep policy tighter for longer. Gold, silver and bitcoin fall as traders up Fed rate hike bets
• Negative Sentiment: Recent coverage also highlights that silver has suffered a steep pullback over the past month, underscoring lingering downside momentum. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

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.