iShares Silver Trust $SLV Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 28.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,907 shares of the exchange traded fund’s stock after selling 11,476 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares Silver Trust were worth $1,970,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. TBH Global Asset Management LLC increased its stake in iShares Silver Trust by 1.5% during the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of iShares Silver Trust by 23.4% during the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 130 shares during the period. JNBA Financial Advisors grew its holdings in shares of iShares Silver Trust by 1.2% during the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares during the last quarter. SouthState Bank Corp grew its holdings in shares of iShares Silver Trust by 29.6% during the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 148 shares during the last quarter. Finally, Swisher Financial Concepts Inc. grew its holdings in shares of iShares Silver Trust by 0.8% during the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after buying an additional 148 shares during the last quarter.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $55.02 on Friday. The company has a market cap of $29.39 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. The stock’s fifty day moving average price is $64.89 and its 200 day moving average price is $70.09. iShares Silver Trust has a 1 year low of $32.96 and a 1 year 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.