iShares Silver Trust $SLV Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 31.8% in the 4th quarter, HoldingsChannel reports. The fund owned 16,402 shares of the exchange traded fund’s stock after selling 7,631 shares during the period. Csenge Advisory Group’s holdings in iShares Silver Trust were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLV. Brighton Jones LLC raised its holdings in iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth $238,000. Capstone Wealth Management Group LLC acquired a new stake in shares of iShares Silver Trust during the 1st quarter worth $443,000. Schnieders Capital Management LLC. increased its holdings in shares of iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of iShares Silver Trust during the 2nd quarter worth $886,000.

iShares Silver Trust Stock Up 2.7%

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

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 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.