Essex Financial Services Inc. Trims Position in iShares Silver Trust $SLV

Essex Financial Services Inc. trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 28.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,907 shares of the exchange traded fund’s stock after selling 11,476 shares during the period. Essex Financial Services Inc.’s holdings in iShares Silver Trust were worth $1,970,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SLV. RKL Wealth Management LLC increased its stake in shares of iShares Silver Trust by 14.9% in the first quarter. RKL Wealth Management LLC now owns 7,709 shares of the exchange traded fund’s stock worth $525,000 after acquiring an additional 998 shares during the period. Tcfg Wealth Management LLC lifted its position in iShares Silver Trust by 7.4% during the first quarter. Tcfg Wealth Management LLC now owns 4,024 shares of the exchange traded fund’s stock valued at $274,000 after purchasing an additional 279 shares during the period. American Institute for Advanced Investment Management LLP lifted its position in iShares Silver Trust by 31.0% during the first quarter. American Institute for Advanced Investment Management LLP now owns 13,104 shares of the exchange traded fund’s stock valued at $893,000 after purchasing an additional 3,100 shares during the period. Key Financial Inc boosted its holdings in iShares Silver Trust by 2,478.3% in the first quarter. Key Financial Inc now owns 1,779 shares of the exchange traded fund’s stock valued at $121,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Ellenbecker Investment Group purchased a new stake in iShares Silver Trust in the first quarter valued at $215,000.

More iShares Silver Trust News

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

• Positive Sentiment: Silver prices rose after the June nonfarm payrolls report missed expectations, weakening the dollar and reducing near-term Federal Reserve tightening bets, which tends to support silver and SLV. Gold and silver rally as NFP miss dents Fed-hike bets – Kitco AM Report
• Positive Sentiment: Analysts said official-sector demand and constrained mine supply continue to underpin silver, with technical commentary suggesting the recent correction may be ending. Gold (XAUUSD) & Silver Price Forecast: Gold Defends Triple Bottom at $3,973 as Silver Holds Channel Floor — Next Move?
• Neutral Sentiment: Silver briefly tested the $60 area while gold held key support, reinforcing that the recent pullback may be more of a consolidation than a fresh downtrend. Gold (XAUUSD) & Silver Price Forecast: Gold Holds $4,000 Triple Bottom as Silver Tests $60 Ahead of NFP — Next Leg?
• Neutral Sentiment: A record-setting 2,500-ounce silver coin drew attention to silver demand and the metal’s cultural relevance, but it is unlikely to have a direct near-term impact on SLV. America’s 250th Birthday Just Set a Silver World Record — Literally
• Negative Sentiment: Silver had been under significant pressure in June, with one report saying it was on track for its worst month since 2011, highlighting how sharply SLV had fallen before the recent bounce. Silver’s Worst Month Since 2011: Why Wall Street’s Favorite Trade Unraveled

iShares Silver Trust Stock Performance

Shares of SLV opened at $55.02 on Friday. The business’s 50-day moving average is $64.89 and its two-hundred day moving average is $70.09. The company has a market capitalization of $29.39 billion, a P/E ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a fifty-two week low of $32.96 and a fifty-two week high of $109.83.

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.