iShares Silver Trust $SLV Holdings Trimmed by Canton Hathaway LLC

Canton Hathaway LLC reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,837 shares of the exchange traded fund’s stock after selling 37,976 shares during the quarter. iShares Silver Trust accounts for 1.6% of Canton Hathaway LLC’s investment portfolio, making the stock its 8th biggest holding. Canton Hathaway LLC’s holdings in iShares Silver Trust were worth $8,029,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its stake in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter worth approximately $238,000. Capstone Wealth Management Group LLC acquired a new stake in shares of iShares Silver Trust during the first quarter worth approximately $443,000. Schnieders Capital Management LLC. boosted its holdings in shares of iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the period. Finally, First Trust Advisors LP purchased a new position in iShares Silver Trust during the second quarter valued at approximately $886,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $53.58 on Thursday. The company has a market capitalization of $28.62 billion, a PE ratio of -8.51 and a beta of 0.50. The company’s 50 day moving average price is $65.16 and its 200 day moving average price is $70.10. iShares Silver Trust has a 52 week low of $32.93 and a 52 week high of $109.83.

More iShares Silver Trust News

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

• Positive Sentiment: Silver prices are rebounding from recent lows, with technical analysts saying the correction may be nearing an end and that silver is holding important support levels. Silver Accumulation Time As The Correction Comes To An End (Technical Analysis)
• Positive Sentiment: Kitco reported that spot gold and silver moved higher as traders looked ahead to the June employment report and covered short positions near support. Gold, silver rise as NFP risk keeps dollar, yields bid – Kitco PM Report
• Positive Sentiment: Several market outlook pieces pointed to constrained mine supply, official-sector demand, and industrial usage as longer-term support for silver prices. Gold (XAUUSD) & Silver Price Forecast: Gold Defends Triple Bottom at $3,973 as Silver Holds Channel Floor — Next Move?
• Neutral Sentiment: Silver’s sharp June decline is still a concern for investors, with one report calling it the metal’s worst month since 2011 and noting that Wall Street’s popular trade had unraveled. Silver’s worst month since 2011: Why Wall Street’s favorite trade unraveled
• Negative Sentiment: Higher U.S. Treasury yields, a firmer dollar, and rising Fed rate-hike risk are still capping the rebound in precious metals, which could limit near-term upside for SLV. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report

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.