iShares Silver Trust $SLV is TSP Capital Management Group LLC’s 7th Largest Position

TSP Capital Management Group LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 34.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,925 shares of the exchange traded fund’s stock after selling 140,350 shares during the quarter. iShares Silver Trust comprises 4.4% of TSP Capital Management Group LLC’s portfolio, making the stock its 7th biggest holding. TSP Capital Management Group LLC’s holdings in iShares Silver Trust were worth $18,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SLV. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust in the 4th quarter worth $32,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust in the 4th quarter worth $33,000. Redwood Park Advisors LLC increased its stake in 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 buying an additional 266 shares in the last quarter. Finally, Sfam LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at about $33,000.

iShares Silver Trust Stock Up 0.2%

NYSEARCA SLV opened at $53.58 on Thursday. The firm has a market cap of $28.62 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. The business has a 50-day moving average price of $65.16 and a 200-day moving average price of $70.10. iShares Silver Trust has a twelve month low of $32.93 and a twelve month high of $109.83.

More 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.