Client First Investment Management LLC Acquires Shares of 108,086 iShares Silver Trust $SLV

Client First Investment Management LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 108,086 shares of the exchange traded fund’s stock, valued at approximately $6,963,000. iShares Silver Trust comprises 3.7% of Client First Investment Management LLC’s holdings, making the stock its 4th biggest holding.

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

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $67.50 on Thursday. The stock has a market cap of $38.21 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a fifty-two week low of $29.78 and a fifty-two week high of $109.83. The stock has a fifty day moving average of $68.64 and a 200-day moving average of $68.18.

Key Stories Impacting iShares Silver Trust

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

• Positive Sentiment: Bank of America said silver could still reach $100 an ounce this year, which reinforces the longer-term upside case for the metal even though it warned that momentum may not last. Silver can reach $100 an ounce this year, but the momentum won’t last – Bank of America
• Positive Sentiment: Industrial demand remains a supporting factor, with Reuters noting that higher silver prices are adding costs for U.S. solar customers, highlighting continued usage demand from the solar sector. Aluminium price spike from Mideast war fans costs for US solar industry
• Positive Sentiment: Royal Mint bullion sales were reported at record levels in the first quarter, underscoring strong underlying demand for silver and other precious metals despite near-term price volatility. Royal Mint sees record gold, silver bullion sales between January and March

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.