Empire Financial Management Company LLC Has $1.50 Million Holdings in iShares Silver Trust $SLV

Empire Financial Management Company LLC cut its stake in iShares Silver Trust (NYSEARCA:SLV) by 54.7% in the first quarter, Holdings Channel.com reports. The firm owned 22,001 shares of the exchange traded fund’s stock after selling 26,546 shares during the period. Empire Financial Management Company LLC’s holdings in iShares Silver Trust were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Talon Private Wealth LLC acquired a new position in shares of iShares Silver Trust during the first quarter valued at about $207,000. ROI Financial Advisors LLC grew its position in iShares Silver Trust by 4.0% during the first quarter. ROI Financial Advisors LLC now owns 76,893 shares of the exchange traded fund’s stock worth $5,239,000 after buying an additional 2,924 shares in the last quarter. Empowered Funds LLC grew its position in iShares Silver Trust by 7.8% during the first quarter. Empowered Funds LLC now owns 26,885 shares of the exchange traded fund’s stock worth $1,832,000 after buying an additional 1,938 shares in the last quarter. Quantinno Capital Management LP grew its position in iShares Silver Trust by 193.6% during the first quarter. Quantinno Capital Management LP now owns 30,727 shares of the exchange traded fund’s stock worth $2,094,000 after buying an additional 20,260 shares in the last quarter. Finally, Cardiff Park Advisors LLC increased its stake in iShares Silver Trust by 3.9% during the first quarter. Cardiff Park Advisors LLC now owns 14,471 shares of the exchange traded fund’s stock valued at $986,000 after acquiring an additional 546 shares during the period.

iShares Silver Trust Stock Down 2.3%

iShares Silver Trust stock opened at $51.70 on Wednesday. The business has a 50 day moving average price of $58.51 and a two-hundred day moving average price of $68.57. The stock has a market cap of $27.61 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83.

Key Headlines Impacting iShares Silver Trust

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

• Positive Sentiment: ETF inflows and continued central-bank purchases are providing underlying support for precious metals, potentially limiting further downside in silver and SLV ahead of the Federal Reserve’s policy decision. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Silver moved higher earlier in the week as falling oil prices eased inflation concerns and investors positioned for the Fed meeting. A dovish policy signal could revive demand for non-yielding assets such as silver. Gold, Silver Rise as Oil Slides on U.S.-Iran Pause
• Neutral Sentiment: Analysts expect the Fed decision and geopolitical tensions to determine the next major breakout for gold and silver, leaving SLV sensitive to rapidly changing macroeconomic expectations. Gold and Silver Price Forecast: Fed Decision Could Trigger Next Breakout
• Negative Sentiment: Commerzbank lowered its gold and silver price forecasts, citing persistent Middle East conflict and weak prospects for a recovery while the Iran war continues. The downgrade is a direct negative catalyst for SLV. Commerzbank Downgrades Gold and Silver Prices
• Negative Sentiment: Precious metals are losing ground as traders reassess the likelihood of a hawkish Federal Reserve. Higher interest rates or fewer expected cuts increase the opportunity cost of holding silver, weighing on SLV. Gold, Silver and Platinum Forecasts
• Negative Sentiment: Silver’s recent surge and subsequent sharp reversal underscore significant volatility. Commentary on leveraged silver ETFs also highlights compounding and volatility-decay risks, reinforcing concerns about unstable short-term silver exposure. Bullish on Silver? This 2X ETF Doubles Your Bet and Your Risk

iShares Silver Trust 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.