iShares Silver Trust $SLV Shares Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,626 shares of the exchange traded fund’s stock after buying an additional 8,313 shares during the quarter. iShares Silver Trust makes up about 1.2% of Fortis Group Advisors LLC’s holdings, making the stock its 15th largest position. Fortis Group Advisors LLC’s holdings in iShares Silver Trust were worth $7,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SLV. Raleigh Capital Management Inc. acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth $32,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth about $33,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in iShares Silver Trust by 274.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares in the last quarter. Hopwood Financial Services Inc. purchased a new stake in iShares Silver Trust during the 3rd quarter worth about $38,000. Finally, Bangor Savings Bank purchased a new stake in iShares Silver Trust during the 4th quarter worth about $38,000.

Key Stories Impacting iShares Silver Trust

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

• Positive Sentiment: Silver prices are rebounding in early trading as Treasury yields ease and oil markets retreat, making precious metals more attractive to investors. Gold, silver rebound as yields ease, Hormuz risk premium narrows – Kitco AM Report
• Positive Sentiment: A sharp selloff in oil has boosted demand for safe-haven and inflation-hedge assets like silver, helping sentiment around SLV. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Markets Dive 5.5%
• Neutral Sentiment: Recent commentary suggests silver could have strong upside longer term, with some analysts favoring it over gold and platinum, but this is more of a medium-term thesis than an immediate catalyst. Gold will hit $5,800 ATH by December, but silver has highest upside, platinum has breakout potential – MKS PAMP’s Shiels
• Negative Sentiment: Earlier in the session, silver was under pressure from rising Treasury yields, a stronger U.S. dollar, and fading geopolitical risk premiums, which had pushed prices below key support levels. Gold drops below $4,500, silver breaks $74 support as Iran talks stall – Kitco PM Report

iShares Silver Trust Trading Up 2.7%

iShares Silver Trust stock opened at $68.73 on Thursday. The stock has a market cap of $38.90 billion, a PE ratio of -8.51 and a beta of 0.45. The stock has a 50-day moving average price of $69.38 and a 200 day moving average price of $67.30. iShares Silver Trust has a 52 week low of $29.78 and a 52 week high of $109.83.

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.