RM Financial Services LLC Invests $6.91 Million in iShares Silver Trust $SLV

RM Financial Services LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 107,220 shares of the exchange traded fund’s stock, valued at approximately $6,907,000. iShares Silver Trust accounts for about 6.1% of RM Financial Services LLC’s holdings, making the stock its 4th biggest holding.

A number of other large investors have also added to or reduced their stakes in the business. TBH Global Asset Management LLC grew its stake in shares of iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after purchasing an additional 104 shares during the last quarter. Westside Investment Management Inc. raised its position in iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares during the last quarter. JNBA Financial Advisors raised its position in iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 132 shares during the last quarter. SouthState Bank Corp lifted its holdings in iShares Silver Trust by 29.6% during the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 148 shares during the period. Finally, Wolff Wiese Magana LLC lifted its holdings in iShares Silver Trust by 1.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock worth $651,000 after buying an additional 150 shares during the period.

iShares Silver Trust Trading Down 2.3%

Shares of SLV stock opened at $57.66 on Thursday. The stock has a market cap of $32.64 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The stock has a 50-day moving average of $68.63 and a 200-day moving average of $69.48. iShares Silver Trust has a 1-year low of $32.06 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:

• Negative Sentiment: Silver prices are sliding as stronger-than-expected CPI data keeps pressure on the Fed to stay hawkish, pushing yields higher and reducing demand for precious metals. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Traders are increasing bets on a future Fed rate hike, which is hurting gold, silver, and other non-yielding assets like SLV. Gold, silver and bitcoin fall as traders up Fed rate hike bets
• Negative Sentiment: Precious metals are facing broad selling pressure ahead of inflation data, with a stronger dollar and higher oil prices adding to the drag on silver. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data
• Negative Sentiment: Silver has suffered a sharp pullback from recent highs, and multiple reports suggest the metal remains in a technical downtrend, which is weighing on the ETF. Silver Is Sliding Today: What’s Going On?
• Neutral Sentiment: Some analysts argue the recent selloff may eventually create a longer-term silver boom if industrial demand tightens supply, but that is a forward-looking thesis rather than a near-term catalyst. The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

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.