iShares Silver Trust $SLV Shares Sold by Canton Hathaway LLC

Canton Hathaway LLC decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 24.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 117,837 shares of the exchange traded fund’s stock after selling 37,976 shares during the quarter. iShares Silver Trust makes up about 1.6% of Canton Hathaway LLC’s portfolio, making the stock its 8th largest position. Canton Hathaway LLC’s holdings in iShares Silver Trust were worth $8,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of iShares Silver Trust during the first quarter valued at approximately $2,762,000. Ameliora Wealth Management Ltd. lifted its position in iShares Silver Trust by 15.4% in 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 during the period. Prime Capital Investment Advisors LLC boosted its stake in 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 buying an additional 9,391 shares in the last quarter. Finer Wealth Management Inc. acquired a new stake in iShares Silver Trust during the fourth quarter worth $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in iShares Silver Trust by 47.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after buying an additional 9,384 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $53.58 on Thursday. The firm has a fifty day moving average of $65.16 and a 200-day moving average of $70.10. The stock 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 has a 52-week low of $32.93 and a 52-week high of $109.83.

Key iShares Silver Trust News

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.