Koshinski Asset Management Inc. lowered its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,001 shares of the exchange traded fund’s stock after selling 9,270 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares Silver Trust were worth $1,933,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SLV. Brighton Jones LLC raised its position in shares of 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 acquiring an additional 1,595 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Silver Trust in the 1st quarter worth approximately $443,000. Schnieders Capital Management LLC. grew its stake in shares of 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 during the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of iShares Silver Trust in the 2nd quarter worth approximately $886,000.
iShares Silver Trust Stock Up 2.0%
iShares Silver Trust stock opened at $73.01 on Friday. The company has a market capitalization of $41.32 billion, a P/E ratio of -8.51 and a beta of 0.45. The stock’s 50 day moving average is $70.31 and its 200 day moving average is $65.45. iShares Silver Trust has a twelve month low of $29.09 and a twelve month high of $109.83.
Key Headlines Impacting iShares Silver Trust
- Positive Sentiment: Silver prices are firming as traders focus on falling Treasury yields and a weaker oil backdrop, both of which tend to support non-yielding metals like silver. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
- Positive Sentiment: Kitco reported that gold and silver extended gains after U.S. payrolls beat forecasts, reinforcing momentum in the metals complex and keeping silver in focus for continued upside. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
- Positive Sentiment: Multiple reports said silver outperformed gold and traders are positioning for another leg higher, with technical analysts and market commentators pointing to strong bullish momentum in the metal. Gold and Silver Technical Analysis: Peace Hopes Lift Metals Ahead of Jobs Data
- Neutral Sentiment: Commentary from 247WallSt highlighted SLV’s big one-year gain, but also noted the fund’s 0.50% fee and tax treatment, which are longer-term structural considerations rather than a direct near-term catalyst. SLV Is Up 132% in a Year, But Its 0.50% Fee and 28% Tax Rate Tell a Different Story
- Neutral Sentiment: Market watchers also said the precious-metals rally could continue if geopolitical tensions ease further, but they emphasized that silver still needs a confirmed technical breakout to sustain the move. Gold and silver’s historic rally could resume ‘as fog of war lifts’, market watchers say
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.
Further Reading
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