iShares Silver Trust $SLV is Miller Financial Services LLC’s 10th Largest Position

Miller Financial Services LLC lowered its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,449 shares of the exchange traded fund’s stock after selling 13,598 shares during the period. iShares Silver Trust comprises 2.8% of Miller Financial Services LLC’s investment portfolio, making the stock its 10th biggest position. Miller Financial Services LLC’s holdings in iShares Silver Trust were worth $2,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $30,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $33,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $34,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares in the last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $38,000.

Key Headlines Impacting iShares Silver Trust

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 Stock Up 5.5%

SLV stock opened at $60.82 on Friday. The stock has a market capitalization of $34.42 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm has a 50-day simple moving average of $68.48 and a 200-day simple moving average of $69.59. iShares Silver Trust has a 52 week low of $32.06 and a 52 week high of $109.83.

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.