Horizon Wealth Management LLC Takes Position in iShares Silver Trust $SLV

Horizon Wealth Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,395 shares of the exchange traded fund’s stock, valued at approximately $4,320,000.

Other institutional investors also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors acquired a new stake in iShares Silver Trust during the fourth quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in iShares Silver Trust during the 4th quarter worth $32,000. Sfam LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at $33,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at $33,000. Finally, Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $53.58 on Thursday. The stock’s 50-day moving average is $65.16 and its two-hundred day moving average is $70.10. The firm has a market cap of $28.62 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 1 year low of $32.93 and a 1 year high of $109.83.

Key Headlines Impacting iShares Silver Trust

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.