iShares Silver Trust $SLV Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 31.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,701 shares of the exchange traded fund’s stock after selling 12,862 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares Silver Trust were worth $1,888,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SLV. Sarver Vrooman Wealth Advisors purchased a new position in iShares Silver Trust in the 4th quarter valued at $30,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares Silver Trust during the 4th quarter worth $32,000. Redwood Park Advisors LLC lifted its stake in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares during the period. Sfam LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth $33,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $34,000.

iShares Silver Trust Stock Up 0.1%

Shares of iShares Silver Trust stock opened at $51.77 on Thursday. iShares Silver Trust has a 52-week low of $33.10 and a 52-week high of $109.83. The company’s 50-day simple moving average is $58.17 and its 200-day simple moving average is $68.45. The firm has a market cap of $27.65 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

iShares Silver Trust News Roundup

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

• Positive Sentiment: Retail investment demand is showing signs of recovery after a prolonged correction, with the British Royal Mint reporting particularly strong demand for digital silver. Renewed bullion buying could provide support for silver and SLV. Retail investors buy the dip as Royal Mint reports solid demand for digital gold and silver
• Positive Sentiment: Silver gained ground as traders positioned ahead of the Federal Reserve’s decision. A less-hawkish policy outlook, lower interest rates or a weaker dollar could improve the appeal of non-yielding precious metals and benefit SLV. Gold, Silver, Platinum Forecasts – Gold Stays Above $4000 As Traders Wait For Fed Decision
• Neutral Sentiment: Fed Decision Day remains the main catalyst for gold and silver, with markets focused on policymakers’ guidance regarding inflation, interest rates and the economic outlook. The outcome could produce sharp volatility in SLV in either direction. Gold and Silver Price Forecast: Fed Decision Day Keeps XAU/USD and XAG/USD in Focus
• Negative Sentiment: Analysts have cited technical weakness, with silver trading in a broad range and remaining below important resistance levels. A break toward lower support could weigh on SLV. Gold and Silver Technical Analysis: Key Levels to Watch Before the Fed Decision
• Negative Sentiment: Commerzbank lowered its gold and silver outlook, arguing that the Middle East conflict and ongoing macroeconomic uncertainty could limit a recovery and encourage additional selling. Commerzbank downgrades gold and silver prices
• Negative Sentiment: Precious metals have also faced pressure from concerns that the Federal Reserve could maintain a hawkish stance. Higher-for-longer interest rates typically reduce demand for silver and can weigh on SLV. Gold, Silver, Platinum Forecasts – Gold Retreats As Traders Focus on Fed Policy Outlook

iShares Silver Trust 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.