Meritage Portfolio Management Sells 35,924 Shares of iShares Silver Trust $SLV

Meritage Portfolio Management reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 79.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,470 shares of the exchange traded fund’s stock after selling 35,924 shares during the period. Meritage Portfolio Management’s holdings in iShares Silver Trust were worth $610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. grew its position in iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. grew its position in iShares Silver Trust by 27.3% during 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 acquiring an additional 573,660 shares during the last quarter. Commonwealth Equity Services LLC grew its position in iShares Silver Trust by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after acquiring an additional 26,710 shares during the last quarter. Mainstay Capital Management LLC ADV grew its position in iShares Silver Trust by 82.5% during 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 acquiring an additional 824,589 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in iShares Silver Trust by 5.7% during the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock valued at $74,153,000 after acquiring an additional 94,521 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $68.49 on Wednesday. iShares Silver Trust has a one year low of $29.04 and a one year high of $109.83. The firm’s 50 day simple moving average is $71.24 and its two-hundred day simple moving average is $63.89. The stock has a market capitalization of $38.77 billion, a P/E ratio of -8.51 and a beta of 0.52.

iShares Silver Trust News Roundup

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

• Positive Sentiment: SLV could attract buyers because analysts point to tight silver supplies and increased demand/hoarding that make the ETF worth watching in the current environment. SLV Stock: A Fund Worth Watching In The Current Environment
• Positive Sentiment: Structural support: high gold and silver prices are boosting exploration budgets, which could help supply fundamentals over time and support SLV. Gold’s safe haven status is intact, high gold and silver prices are boosting exploration budgets – Heraeus
• Neutral Sentiment: Analyst fair-value view: Commerzbank says silver’s “fair value” is nearer $40 but remains supported by higher gold — a mixed signal that implies room for downside versus current levels but structural backing from gold. Silver’s fair value is closer to $40, but remains supported by higher gold prices – Commerzbank
• Neutral Sentiment: Longer-term technical/speculative scenarios for gold (and by correlation silver) include upside if geopolitical catalysts re-emerge, though these are scenario-based and not immediate drivers. Gold (XAUUSD) & Silver Price Forecast: Gold Dips to $4,780 as Hormuz Blockade Reasserts – Is a Surge to $5,000 Next?
• Negative Sentiment: Immediate selling pressure: multiple market reports cite upticks in the U.S. dollar index and higher bond yields that are pushing gold and silver lower, which directly weighs on SLV. Gold, silver sharply down amid upticks in USDX, bond yields
• Negative Sentiment: Price-pressure headlines point to fading war-driven safe-haven demand and renewed inflation worries (oil/strain in the Gulf), which have amplified dollar strength and pressured metals markets. Gold, silver down as lingering war prospects hint of less demand
• Negative Sentiment: Market commentary and technical analyses show bulls need a fresh catalyst to reverse the pullback; absent a renewed geopolitical shock or weaker dollar, downside momentum may persist near-term. Price weakness in gold, silver; bulls need a spark

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.