Elevation Point Wealth Partners LLC Increases Holdings in iShares Silver Trust $SLV

Elevation Point Wealth Partners LLC increased its position in iShares Silver Trust (NYSEARCA:SLV) by 273.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,756 shares of the exchange traded fund’s stock after buying an additional 82,528 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares Silver Trust were worth $7,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. grew its holdings in shares of iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares during the last quarter. Bank of Montreal Can boosted its position in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after buying an additional 1,852,688 shares during the period. Tableaux LLC purchased a new stake in iShares Silver Trust during the fourth quarter valued at about $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its stake in shares of iShares Silver Trust by 82.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after buying an additional 824,589 shares during the last quarter.

iShares Silver Trust Trading Up 2.7%

SLV opened at $55.02 on Friday. The company has a market cap of $29.39 billion, a P/E ratio of -8.51 and a beta of 0.50. The business’s 50-day moving average price is $64.89 and its 200-day moving average price is $70.09. iShares Silver Trust has a 12 month low of $32.96 and a 12 month high of $109.83.

iShares Silver Trust News Summary

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 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.