Miller Financial Services LLC Sells 13,598 Shares of iShares Silver Trust $SLV

Miller Financial Services LLC cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 27.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,449 shares of the exchange traded fund’s stock after selling 13,598 shares during the period. iShares Silver Trust accounts for about 2.8% of Miller Financial Services LLC’s holdings, making the stock its 10th largest holding. Miller Financial Services LLC’s holdings in iShares Silver Trust were worth $2,359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLV. NewEdge Wealth LLC boosted its holdings in iShares Silver Trust by 99.6% in the 3rd quarter. NewEdge Wealth LLC now owns 43,195 shares of the exchange traded fund’s stock valued at $1,885,000 after purchasing an additional 21,551 shares during the last quarter. Ameliora Wealth Management Ltd. boosted its holdings in iShares Silver Trust by 15.4% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock valued at $5,583,000 after purchasing an additional 11,563 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in iShares Silver Trust by 33.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after purchasing an additional 9,391 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in iShares Silver Trust by 47.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after purchasing an additional 9,384 shares during the last quarter. Finally, Finer Wealth Management Inc. acquired a new position in iShares Silver Trust in the 4th quarter valued at about $709,000.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $60.82 on Friday. The firm has a market capitalization of $34.42 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The company’s 50-day moving average is $68.48 and its two-hundred day moving average is $69.59. iShares Silver Trust has a 1-year low of $32.06 and a 1-year high of $109.83.

iShares Silver Trust News Summary

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.

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.