Aegis Financial Corp Sells 17,685 Shares of iShares Silver Trust $SLV

Aegis Financial Corp reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 50.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,698 shares of the exchange traded fund’s stock after selling 17,685 shares during the quarter. iShares Silver Trust makes up 0.3% of Aegis Financial Corp’s investment portfolio, making the stock its 26th biggest position. Aegis Financial Corp’s holdings in iShares Silver Trust were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SLV. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust in the 4th quarter worth about $30,000. Rialto Wealth Management LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $33,000. BOK Financial Private Wealth Inc. bought a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake 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 purchasing an additional 425 shares in the last quarter. Finally, Bangor Savings Bank bought a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $38,000.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $60.82 on Friday. The firm’s 50 day moving average price is $68.48 and its 200-day moving average price is $69.59. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The company has a market cap of $34.42 billion, a PE 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:

• Positive Sentiment: Silver and platinum are seeing some dip-buying, with traders attempting to rebuild upside momentum after the recent decline. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Neutral Sentiment: Silver is trying to hold a key support area around $60 per ounce, and traders are watching that level closely after recent volatility. Precious metals traders prepare to defend $4,000 gold, while break of $60 silver would be ‘catastrophic’ – FX Empire’s Lewis
• Neutral Sentiment: Some analysts say the metal is oversold and may bounce, but the rebound is still fragile and dependent on technical support holding. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs CPI Pressure — Next Bounce for XAU & XAG?
• Negative Sentiment: Silver has been sliding on broad precious-metals weakness, with inflation data, higher Treasury yields, and growing bets on a Fed rate hike weighing on prices. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Traders are increasingly cautious on gold and silver amid strong dollar pressure and expectations that the Federal Reserve may keep policy tighter for longer. Gold, silver and bitcoin fall as traders up Fed rate hike bets
• Negative Sentiment: Recent coverage also highlights that silver has suffered a steep pullback over the past month, underscoring lingering downside momentum. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

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.