DCF Advisers LLC Has $4.67 Million Holdings in iShares Silver Trust $SLV

DCF Advisers LLC cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,500 shares of the exchange traded fund’s stock after selling 27,500 shares during the period. iShares Silver Trust comprises approximately 1.2% of DCF Advisers LLC’s investment portfolio, making the stock its 23rd biggest position. DCF Advisers LLC’s holdings in iShares Silver Trust were worth $4,670,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SLV. Teacher Retirement System of Texas boosted its position in iShares Silver Trust by 259.9% during the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after buying an additional 1,011,000 shares during the period. Quadrature Capital Ltd boosted its position in iShares Silver Trust by 1,691.5% during the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after buying an additional 906,747 shares during the period. Mainstay Capital Management LLC ADV boosted its position in iShares Silver Trust by 478.6% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock worth $42,365,000 after buying an additional 827,089 shares during the period. Briaud Financial Planning Inc boosted its position in iShares Silver Trust by 5,493.2% during the 3rd quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock worth $26,314,000 after buying an additional 609,960 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after buying an additional 573,660 shares during the period.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $57.66 on Thursday. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The firm has a 50 day moving average price of $68.63 and a two-hundred day moving average price of $69.48. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

Key Headlines Impacting 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.

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.