Kovack Advisors Inc. Raises Holdings in iShares Silver Trust $SLV

Kovack Advisors Inc. lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 938.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 526,655 shares of the exchange traded fund’s stock after buying an additional 475,963 shares during the period. iShares Silver Trust comprises about 1.6% of Kovack Advisors Inc.’s investment portfolio, making the stock its 9th largest holding. Kovack Advisors Inc.’s holdings in iShares Silver Trust were worth $32,839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. boosted its position in 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 worth $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 valued at $113,391,000 after purchasing an additional 573,660 shares during the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of iShares Silver Trust by 82.5% in 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 purchasing an additional 824,589 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of iShares Silver Trust by 5.7% in the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock worth $74,153,000 after purchasing an additional 94,521 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in iShares Silver Trust by 259.9% during the fourth quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after purchasing an additional 1,011,000 shares during the last quarter.

Key iShares Silver Trust News

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 Trading Up 5.5%

iShares Silver Trust stock opened at $60.82 on Friday. iShares Silver Trust has a 1-year low of $32.06 and a 1-year high of $109.83. The company has a fifty day simple moving average of $68.48 and a 200 day simple moving average of $69.59. The company has a market cap of $34.42 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.