Daiwa Securities Group Inc. Cuts Stock Holdings in iShares Silver Trust $SLV

Daiwa Securities Group Inc. decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 32.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,350 shares of the exchange traded fund’s stock after selling 11,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in iShares Silver Trust were worth $1,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at approximately $33,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of iShares Silver Trust by 274.2% during the fourth 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 last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at approximately $38,000.

Trending Headlines about iShares Silver Trust

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

• Negative Sentiment: Silver prices are sliding as stronger-than-expected CPI data keeps pressure on the Fed to stay hawkish, pushing yields higher and reducing demand for precious metals. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Traders are increasing bets on a future Fed rate hike, which is hurting gold, silver, and other non-yielding assets like SLV. Gold, silver and bitcoin fall as traders up Fed rate hike bets
• Negative Sentiment: Precious metals are facing broad selling pressure ahead of inflation data, with a stronger dollar and higher oil prices adding to the drag on silver. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data
• Negative Sentiment: Silver has suffered a sharp pullback from recent highs, and multiple reports suggest the metal remains in a technical downtrend, which is weighing on the ETF. Silver Is Sliding Today: What’s Going On?
• Neutral Sentiment: Some analysts argue the recent selloff may eventually create a longer-term silver boom if industrial demand tightens supply, but that is a forward-looking thesis rather than a near-term catalyst. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

iShares Silver Trust Stock Down 2.3%

NYSEARCA:SLV opened at $57.66 on Thursday. The company’s 50 day moving average price is $68.63 and its 200-day moving average price is $69.48. iShares Silver Trust has a 52 week low of $32.06 and a 52 week high of $109.83. The stock has a market cap of $32.64 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

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.