Hibernia Wealth Partners LLC Boosts Position in iShares Silver Trust $SLV

Hibernia Wealth Partners LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,994 shares of the exchange traded fund’s stock after purchasing an additional 12,997 shares during the quarter. iShares Silver Trust makes up 0.5% of Hibernia Wealth Partners LLC’s portfolio, making the stock its 23rd biggest holding. Hibernia Wealth Partners LLC’s holdings in iShares Silver Trust were worth $1,675,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SLV. Connecticut Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $318,000. Fox Hill Wealth Management lifted its position in shares of iShares Silver Trust by 6.1% in the fourth quarter. Fox Hill Wealth Management now owns 68,413 shares of the exchange traded fund’s stock valued at $4,407,000 after acquiring an additional 3,960 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of iShares Silver Trust by 938.9% in the fourth quarter. Kovack Advisors Inc. now owns 526,655 shares of the exchange traded fund’s stock valued at $32,839,000 after acquiring an additional 475,963 shares in the last quarter. Sepio Capital LP purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $315,000. Finally, Wescott Financial Advisory Group LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $241,000.

iShares Silver Trust Stock Up 5.5%

Shares of NYSEARCA:SLV opened at $60.82 on Friday. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The stock’s fifty day simple moving average is $68.48 and its 200-day simple moving average is $69.59. The company has a market capitalization of $34.42 billion, a P/E ratio of -8.51 and a beta of 0.45.

Trending Headlines about 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.

About iShares Silver Trust

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.