Huntington National Bank Trims Stake in iShares Silver Trust $SLV

Huntington National Bank decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 89,683 shares of the exchange traded fund’s stock after selling 7,483 shares during the period. Huntington National Bank’s holdings in iShares Silver Trust were worth $5,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. TBH Global Asset Management LLC grew its holdings in shares of iShares Silver Trust by 1.5% during the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after acquiring an additional 104 shares during the period. Westside Investment Management Inc. boosted its position in shares of iShares Silver Trust by 23.4% in the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of iShares Silver Trust by 1.2% in the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 132 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of iShares Silver Trust by 1.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock worth $651,000 after purchasing an additional 150 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its position in shares of iShares Silver Trust by 1.2% in the 4th quarter. Wesbanco Bank Inc. now owns 12,421 shares of the exchange traded fund’s stock worth $800,000 after purchasing an additional 152 shares in the last quarter.

iShares Silver Trust Stock Up 1.3%

Shares of SLV opened at $68.36 on Friday. The business’s 50 day moving average price is $68.57 and its 200-day moving average price is $68.36. iShares Silver Trust has a 52 week low of $29.78 and a 52 week high of $109.83. The stock has a market cap of $38.69 billion, a P/E ratio of -8.51 and a beta of 0.45.

Key iShares Silver Trust News

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

• Positive Sentiment: Silver prices moved higher as traders scaled back bets on hawkish Federal Reserve policy and reacted to improving risk sentiment tied to Middle East peace optimism, which can lift bullion-backed ETFs like SLV. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Traders Bet On Iran Deal
• Positive Sentiment: Some analysts remain constructive on silver over the long term, with commentary suggesting the metal could still see higher prices later this year even as near-term volatility stays elevated. Silver can reach $100 an ounce this year, but the momentum won’t last – Bank of America
• Neutral Sentiment: Entrata, a private-equity-backed software company tied to Silver Lake, filed for a U.S. IPO. This is not directly related to SLV’s holdings, but it added to news flow around the “Silver” name. Silver Lake-backed property management software firm Entrata files for US IPO
• Negative Sentiment: Several reports said silver’s sharp rally may be running into resistance, with weak industrial demand, overvaluation concerns, and talk of demand destruction potentially pressuring prices. Silver Rally Faces Pressure: Time for Inverse ETFs?
• Negative Sentiment: UBS and other analysts warned that silver’s industrial uses make it more sensitive to economic slowing, which could reduce demand and weigh on the trust if the metal pulls back further. Silver could fall further after latest slump, analysts say as they warn of demand destruction

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.