Hibernia Wealth Partners LLC boosted its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 100.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,994 shares of the exchange traded fund’s stock after purchasing an additional 12,997 shares during the quarter. iShares Silver Trust makes up 0.5% of Hibernia Wealth Partners LLC’s portfolio, making the stock its 23rd biggest holding. Hibernia Wealth Partners LLC’s holdings in iShares Silver Trust were worth $1,675,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. TBH Global Asset Management LLC boosted its position in iShares Silver Trust by 1.5% during the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares during the last quarter. Westside Investment Management Inc. boosted its position in iShares Silver Trust by 23.4% during the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 130 shares during the last quarter. JNBA Financial Advisors boosted its position in iShares Silver Trust by 1.2% during the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 132 shares during the last quarter. SouthState Bank Corp boosted its position in iShares Silver Trust by 29.6% during the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 148 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its position in iShares Silver Trust by 1.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock valued at $651,000 after purchasing an additional 150 shares during the last quarter.
iShares Silver Trust News Roundup
Here are the key news stories impacting iShares Silver Trust this week:
- Positive Sentiment: Silver and platinum are seeing some dip-buying, with traders attempting to rebuild upside momentum after the recent decline. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
- Neutral Sentiment: Silver is trying to hold a key support area around $60 per ounce, and traders are watching that level closely after recent volatility. Precious metals traders prepare to defend $4,000 gold, while break of $60 silver would be ‘catastrophic’ – FX Empire’s Lewis
- Neutral Sentiment: Some analysts say the metal is oversold and may bounce, but the rebound is still fragile and dependent on technical support holding. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs CPI Pressure — Next Bounce for XAU & XAG?
- Negative Sentiment: Silver has been sliding on broad precious-metals weakness, with inflation data, higher Treasury yields, and growing bets on a Fed rate hike weighing on prices. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
- Negative Sentiment: Traders are increasingly cautious on gold and silver amid strong dollar pressure and expectations that the Federal Reserve may keep policy tighter for longer. Gold, silver and bitcoin fall as traders up Fed rate hike bets
- Negative Sentiment: Recent coverage also highlights that silver has suffered a steep pullback over the past month, underscoring lingering downside momentum. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.
iShares Silver Trust Trading Up 5.5%
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.
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