Eaton Financial Holdings Company LLC Purchases Shares of 42,810 iShares Silver Trust $SLV

Eaton Financial Holdings Company LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,810 shares of the exchange traded fund’s stock, valued at approximately $2,758,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PSI Advisors LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at about $257,000. Client First Investment Management LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at about $6,963,000. Fidelis Capital Partners LLC boosted its position in iShares Silver Trust by 147.3% in the fourth quarter. Fidelis Capital Partners LLC now owns 14,521 shares of the exchange traded fund’s stock valued at $935,000 after buying an additional 8,650 shares in the last quarter. Royal Palms Capital LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at about $5,105,000. Finally, TrustBank acquired a new position in iShares Silver Trust in the fourth quarter valued at about $115,000.

iShares Silver Trust News Summary

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 Stock Down 3.2%

NYSEARCA:SLV opened at $67.50 on Thursday. The firm 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 12 month low of $29.78 and a 12 month high of $109.83. The company’s 50-day moving average price is $68.64 and its two-hundred day moving average price is $68.18.

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.