Harbour Investments Inc. Raises Position in iShares Silver Trust $SLV

Harbour Investments Inc. grew its position in iShares Silver Trust (NYSEARCA:SLV) by 31.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,423 shares of the exchange traded fund’s stock after buying an additional 13,213 shares during the period. Harbour Investments Inc.’s holdings in iShares Silver Trust were worth $3,570,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Global Assets Advisory LLC grew its position in iShares Silver Trust by 53.9% during the fourth quarter. Global Assets Advisory LLC now owns 10,605 shares of the exchange traded fund’s stock valued at $683,000 after buying an additional 3,716 shares during the period. MSH Capital Advisors LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at approximately $215,000. Fisher Asset Management LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at approximately $224,000. Clearstead Advisors LLC grew its position in iShares Silver Trust by 158.2% during the fourth quarter. Clearstead Advisors LLC now owns 9,616 shares of the exchange traded fund’s stock valued at $619,000 after buying an additional 5,892 shares during the period. Finally, Churchill Financial Advisors LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at approximately $347,000.

iShares Silver Trust News Summary

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

• Positive Sentiment: Bank of America said silver could still reach $100 an ounce this year, which reinforces the longer-term upside case for the metal even though it warned that momentum may not last. Silver can reach $100 an ounce this year, but the momentum won’t last – Bank of America
• Positive Sentiment: Industrial demand remains a supporting factor, with Reuters noting that higher silver prices are adding costs for U.S. solar customers, highlighting continued usage demand from the solar sector. Aluminium price spike from Mideast war fans costs for US solar industry
• Positive Sentiment: Royal Mint bullion sales were reported at record levels in the first quarter, underscoring strong underlying demand for silver and other precious metals despite near-term price volatility. Royal Mint sees record gold, silver bullion sales between January and March

iShares Silver Trust Trading Down 3.2%

Shares of NYSEARCA SLV opened at $67.50 on Thursday. The firm has a 50 day moving average of $68.64 and a 200 day moving average of $68.18. The firm has a market capitalization of $38.21 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $29.78 and a 12-month 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.