iShares Silver Trust $SLV Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 847,369 shares of the exchange traded fund’s stock after selling 19,286 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares Silver Trust were worth $54,587,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $33,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of iShares Silver Trust by 274.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 425 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $38,000.

iShares Silver Trust News Roundup

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 Price Performance

SLV opened at $67.50 on Thursday. The business has a 50 day simple moving average of $68.64 and a 200-day simple moving average of $68.18. The stock has a market capitalization of $38.21 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12 month low of $29.78 and a 12 month high of $109.83.

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.