Mainstay Capital Management LLC ADV Buys 824,589 Shares of iShares Silver Trust $SLV

Mainstay Capital Management LLC ADV raised its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 82.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,824,479 shares of the exchange traded fund’s stock after buying an additional 824,589 shares during the period. iShares Silver Trust comprises 9.0% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 4th largest position. Mainstay Capital Management LLC ADV’s holdings in iShares Silver Trust were worth $117,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. lifted its stake in iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 130 shares during the period. JNBA Financial Advisors lifted its stake in iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares during the period. Wolff Wiese Magana LLC lifted its stake in iShares Silver Trust by 1.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock valued at $651,000 after buying an additional 150 shares during the period. Inspirion Wealth Advisors LLC lifted its stake in iShares Silver Trust by 2.0% in the fourth quarter. Inspirion Wealth Advisors LLC now owns 8,426 shares of the exchange traded fund’s stock valued at $543,000 after buying an additional 162 shares during the period. Finally, Compass Financial Group INC SD lifted its stake in iShares Silver Trust by 2.6% in the fourth quarter. Compass Financial Group INC SD now owns 6,865 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 176 shares during the period.

iShares Silver Trust Trading Up 3.4%

NYSEARCA:SLV opened at $73.63 on Friday. iShares Silver Trust has a 1-year low of $29.04 and a 1-year high of $109.83. The business’s 50-day moving average price is $71.41 and its two-hundred day moving average price is $63.37. The firm has a market capitalization of $41.67 billion, a price-to-earnings ratio of -8.51 and a beta of 0.52.

More iShares Silver Trust News

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

• Positive Sentiment: Analyst bullish case — 247Wall Street argues silver is materially undervalued versus gold (a very wide gold-to-silver ratio) and recommends buying silver ETFs as the next leg up could be “explosive,” giving a fundamental/story-driven catalyst for SLV inflows. Buy This ETF as Silver’s Next Leg up Can Be Even More Explosive
• Positive Sentiment: Macro/price catalyst — Benzinga reports silver rebounded near $80 after a regional ceasefire eased inflation fears and the U.S. dollar weakened; such price strength tends to lift SLV directly through higher NAV and investor interest. Silver Rebounds Near $80 As Ceasefire Eases Inflation Fears— 3 ETFs To Watch Now
• Neutral Sentiment: Market positioning — Pre-market coverage notes broad ETFs and equity futures were firmer as investors took positions around earnings; ETF flows and general risk-on moves can lift commodity ETFs like SLV but are not a direct silver-specific catalyst. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Investors Take Positions Amid Corporate Earnings
• Neutral Sentiment: Technical/range context — Several market notes (FXEmpire, Kitco) describe silver as range-bound with modest gains and waning volatility; these technical views imply upside is possible but a clear breakout is needed for sustained SLV outperformance. Gold and Silver Price Analysis: Will a Breakout End the Current Range?
• Neutral Sentiment: Longer-term outlook tempered — Bloomberg commentary summarized by Kitco suggests silver may “languish between $50 and $100 for years,” which is not bearish for SLV’s current rally but signals potential limited upside over a multi-year horizon. Silver prices to ‘languish between $50 and $100 for years’ – Bloomberg’s McGlone
• Negative Sentiment: Near-term weakness signals — Some Kitco reports note periods where silver traded weaker even as gold gained, highlighting risk of short-term pullbacks that could temporarily drag SLV down. Gold up a bit, silver weaker in quieter, consolidative trade

About iShares Silver Trust

(Free Report)

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.

Further Reading

• Five stocks we like better than iShares Silver Trust

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).