Western Wealth Management LLC grew its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 234.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 68,207 shares of the exchange traded fund’s stock after buying an additional 47,800 shares during the period. Western Wealth Management LLC’s holdings in iShares Silver Trust were worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Vantage Financial Partners LLC acquired a new stake in iShares Silver Trust during the 3rd quarter valued at $489,000. D.B. Root & Company LLC acquired a new stake in iShares Silver Trust during the 3rd quarter valued at $370,000. Wealth Enhancement Advisory Services LLC increased its holdings in iShares Silver Trust by 14.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after purchasing an additional 30,915 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Silver Trust by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after purchasing an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in iShares Silver Trust during the 3rd quarter valued at $235,000.
Key iShares Silver Trust News
Here are the key news stories impacting iShares Silver Trust this week:
- Positive Sentiment: Silver’s breakout above $86 and repeated calls for a move toward $87-$90 suggest strong momentum in the metal, which is supportive for iShares Silver Trust (SLV). Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Defends $4,697, Silver Surges to $87 as CPI Hits Rate Cuts?
- Positive Sentiment: Analysts say silver’s push above $80 reflects a structural shift in the global economy, reinforcing the case for sustained investor demand. Silver’s push above $80 reflects structural shift in the global economy
- Positive Sentiment: Silver is being viewed as potentially headed toward $90 and beyond, keeping bullish sentiment elevated for SLV. Silver price sees solid momentum and $90 could be just the start
- Neutral Sentiment: India’s higher import tariffs on gold and silver could alter global demand patterns, but the net effect for SLV is uncertain. India’s 15% import tariffs on gold and silver will impact precious metals demand, prices, currency – Experts
- Negative Sentiment: Hot CPI and PPI readings have boosted yields and the dollar at times, which can pressure precious metals prices and weigh on SLV. Gold and silver slip after hot PPI boosts yields – Kitco AM Report
iShares Silver Trust Price Performance
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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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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