Fortis Group Advisors LLC Boosts Stock Position in iShares Silver Trust $SLV

Fortis Group Advisors LLC increased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,626 shares of the exchange traded fund’s stock after purchasing an additional 8,313 shares during the quarter. iShares Silver Trust makes up approximately 1.2% of Fortis Group Advisors LLC’s holdings, making the stock its 15th largest holding. Fortis Group Advisors LLC’s holdings in iShares Silver Trust were worth $7,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its holdings in iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after buying an additional 313,816 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after buying an additional 573,660 shares during the period. Mainstay Capital Management LLC ADV grew its holdings in iShares Silver Trust by 82.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after buying an additional 824,589 shares during the period. HighTower Advisors LLC grew its holdings in iShares Silver Trust by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock valued at $74,153,000 after buying an additional 94,521 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after buying an additional 273,913 shares during the period.

iShares Silver Trust Price Performance

SLV opened at $68.73 on Thursday. The stock has a market capitalization of $38.90 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The business has a 50-day moving average of $69.38 and a two-hundred day moving average of $67.30. iShares Silver Trust has a 12 month low of $29.78 and a 12 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 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 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.