Cadence Wealth Management LLC Has $20.37 Million Position in iShares Silver Trust $SLV

Cadence Wealth Management LLC trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 44.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,169 shares of the exchange traded fund’s stock after selling 250,176 shares during the quarter. iShares Silver Trust comprises 9.8% of Cadence Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Cadence Wealth Management LLC’s holdings in iShares Silver Trust were worth $20,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SLV. Brighton Jones LLC grew 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 worth $497,000 after buying an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new position in iShares Silver Trust in the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC bought a new position in iShares Silver Trust in the 1st quarter worth approximately $443,000. Schnieders Capital Management LLC. grew its holdings in iShares Silver Trust by 15.0% in 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 in the last quarter. Finally, First Trust Advisors LP bought a new position in iShares Silver Trust in the 2nd quarter worth approximately $886,000.

Trending Headlines about iShares Silver Trust

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

• Positive Sentiment: Trading has begun in Abaxx Silver Singapore futures, adding a new physically deliverable benchmark that could support liquidity and longer-term interest in industrial silver markets. Silver Singapore Futures Now Live for Trading on Abaxx Exchange
• Neutral Sentiment: Silver remains near key support levels despite bond market volatility, suggesting traders are still waiting for clearer direction from rates and macro data. Gold, silver prices remain caught between rate hike fears and bond market stress
• Neutral Sentiment: Recent U.S.-Iran developments have created mixed signals for precious metals, with safe-haven demand partially offset by pressure from stronger yields and the dollar. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Precious metals are losing ground as traders price in the risk that the Fed could keep rates elevated or even raise them further, which is weighing on silver. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Negative Sentiment: Silver prices were also weaker in early trading as the dollar firmed and safe-haven support tied to Iran-related tensions faded, adding near-term downside pressure to SLV. Gold, silver ease as dollar firms, U.S.-Iran talks drag on – Kitco AM Report

iShares Silver Trust Price Performance

Shares of SLV stock opened at $68.36 on Friday. iShares Silver Trust has a 12-month low of $29.78 and a 12-month high of $109.83. The firm has a market capitalization of $38.69 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The business has a 50 day simple moving average of $68.98 and a 200 day simple moving average of $67.48.

About iShares Silver Trust

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.