Waverly Advisors LLC Has $3.63 Million Stake in iShares Silver Trust $SLV

Waverly Advisors LLC boosted its stake in iShares Silver Trust (NYSEARCA:SLV) by 30.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,228 shares of the exchange traded fund’s stock after acquiring an additional 12,372 shares during the quarter. Waverly Advisors LLC’s holdings in iShares Silver Trust were worth $3,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake in shares of iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares in the last quarter. Bank of Montreal Can boosted its position in shares of iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after buying an additional 1,852,688 shares during the period. Tableaux LLC acquired a new position in shares of iShares Silver Trust during the fourth quarter worth about $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its holdings in shares of iShares Silver Trust by 82.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after buying an additional 824,589 shares in the last quarter.

iShares Silver Trust News Roundup

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

• Positive Sentiment: Retail investment demand is showing signs of recovery after a prolonged correction, with the British Royal Mint reporting particularly strong demand for digital silver. Renewed bullion buying could provide support for silver and SLV. Retail investors buy the dip as Royal Mint reports solid demand for digital gold and silver
• Positive Sentiment: Silver gained ground as traders positioned ahead of the Federal Reserve’s decision. A less-hawkish policy outlook, lower interest rates or a weaker dollar could improve the appeal of non-yielding precious metals and benefit SLV. Gold, Silver, Platinum Forecasts – Gold Stays Above $4000 As Traders Wait For Fed Decision
• Neutral Sentiment: Fed Decision Day remains the main catalyst for gold and silver, with markets focused on policymakers’ guidance regarding inflation, interest rates and the economic outlook. The outcome could produce sharp volatility in SLV in either direction. Gold and Silver Price Forecast: Fed Decision Day Keeps XAU/USD and XAG/USD in Focus
• Negative Sentiment: Analysts have cited technical weakness, with silver trading in a broad range and remaining below important resistance levels. A break toward lower support could weigh on SLV. Gold and Silver Technical Analysis: Key Levels to Watch Before the Fed Decision
• Negative Sentiment: Commerzbank lowered its gold and silver outlook, arguing that the Middle East conflict and ongoing macroeconomic uncertainty could limit a recovery and encourage additional selling. Commerzbank downgrades gold and silver prices
• Negative Sentiment: Precious metals have also faced pressure from concerns that the Federal Reserve could maintain a hawkish stance. Higher-for-longer interest rates typically reduce demand for silver and can weigh on SLV. Gold, Silver, Platinum Forecasts – Gold Retreats As Traders Focus on Fed Policy Outlook

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $51.77 on Thursday. The business’s 50 day simple moving average is $58.17 and its 200 day simple moving average is $68.45. iShares Silver Trust has a 52-week low of $33.10 and a 52-week high of $109.83. The firm has a market cap of $27.65 billion, a PE ratio of -8.51 and a beta of 0.49.

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.