iShares Silver Trust $SLV Stake Lifted by Everest Financial Group LLC

Everest Financial Group LLC grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 195.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,144 shares of the exchange traded fund’s stock after acquiring an additional 25,902 shares during the period. Everest Financial Group LLC’s holdings in iShares Silver Trust were worth $2,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares Silver Trust in the third quarter valued at approximately $14,237,000. Krilogy Financial LLC grew its holdings in iShares Silver Trust by 2,435.1% during the third quarter. Krilogy Financial LLC now owns 201,515 shares of the exchange traded fund’s stock valued at $10,952,000 after purchasing an additional 193,566 shares during the period. Independent Financial Group LLC purchased a new stake in iShares Silver Trust in the first quarter worth $10,909,000. Point Nemo Capital LLC purchased a new stake in iShares Silver Trust in the third quarter worth $7,725,000. Finally, Mizuho Markets Cayman LP increased its position in iShares Silver Trust by 386.8% in the second quarter. Mizuho Markets Cayman LP now owns 143,287 shares of the exchange traded fund’s stock worth $7,662,000 after buying an additional 113,854 shares during the last quarter.

Top iShares Silver Trust Stories

These are some of the SLV stories that stood out recently:

• Neutral Sentiment: A comparison of silver funds says the Global X Silver Miners ETF has outperformed SLV this year, and could continue to do so even if silver rebounds. This highlights relative-performance risk for SLV investors. Silver ETF vs. Silver Miners ETF: Which Has Held Up Better This Year?
• Negative Sentiment: Silver fell alongside gold as Treasury yields and the dollar rose, with markets pricing in further Fed rate increases. Separate market coverage also pointed to fading solar-sector demand and said investment demand may not make up for that slowdown—another potential headwind for silver prices and SLV. Gold, silver slide as Treasury yields surge, Fed hike concerns intensify BMO says silver’s solar boom is fading, investment demand unlikely to compensate
• Negative Sentiment: Recent analysis described significant near-term headwinds for SLV, noting its steep retreat from its record high and the macroeconomic pressures weighing on silver. Is the iShares Silver Trust a Buy After Falling Nearly 60% From Its High?

iShares Silver Trust Price Performance

Shares of SLV opened at $45.12 on Friday. iShares Silver Trust has a 1 year low of $44.11 and a 1 year high of $109.83. The stock’s fifty day moving average price is $53.20 and its two-hundred day moving average price is $62.59. The firm has a market cap of $25.31 billion, a PE ratio of -8.51 and a beta of 0.53.

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.