RM Financial Services LLC purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 107,220 shares of the exchange traded fund’s stock, valued at approximately $6,907,000. iShares Silver Trust comprises about 6.1% of RM Financial Services LLC’s portfolio, making the stock its 4th biggest holding.
A number of other large investors have also recently bought and sold shares of the business. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares Silver Trust in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new stake in iShares Silver Trust in the fourth quarter worth approximately $33,000. BOK Financial Private Wealth Inc. bought a new stake in iShares Silver Trust in the fourth quarter worth approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in iShares Silver Trust by 274.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 425 shares during the period. Finally, Bangor Savings Bank acquired a new position in iShares Silver Trust in the fourth quarter valued at approximately $38,000.
iShares Silver Trust Stock Down 2.3%
Shares of SLV stock opened at $57.66 on Thursday. The firm has a 50 day moving average of $68.63 and a 200-day moving average of $69.48. The company has a market cap of $32.64 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 52 week low of $32.06 and a 52 week high of $109.83.
More iShares Silver Trust News
- Negative Sentiment: Silver prices are sliding as stronger-than-expected CPI data keeps pressure on the Fed to stay hawkish, pushing yields higher and reducing demand for precious metals. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
- Negative Sentiment: Traders are increasing bets on a future Fed rate hike, which is hurting gold, silver, and other non-yielding assets like SLV. Gold, silver and bitcoin fall as traders up Fed rate hike bets
- Negative Sentiment: Precious metals are facing broad selling pressure ahead of inflation data, with a stronger dollar and higher oil prices adding to the drag on silver. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data
- Negative Sentiment: Silver has suffered a sharp pullback from recent highs, and multiple reports suggest the metal remains in a technical downtrend, which is weighing on the ETF. Silver Is Sliding Today: What’s Going On?
- Neutral Sentiment: Some analysts argue the recent selloff may eventually create a longer-term silver boom if industrial demand tightens supply, but that is a forward-looking thesis rather than a near-term catalyst. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.
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.
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