Dorsey Wright & Associates boosted its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 23.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,074 shares of the exchange traded fund’s stock after purchasing an additional 18,502 shares during the period. Dorsey Wright & Associates’ holdings in iShares Silver Trust were worth $6,615,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of SLV. Brighton Jones LLC increased its holdings in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC acquired a new stake in shares of iShares Silver Trust in the first quarter valued at approximately $443,000. Schnieders Capital Management LLC. raised its stake in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of iShares Silver Trust in the second quarter worth $886,000.
iShares Silver Trust Stock Up 0.8%
Shares of SLV opened at $50.78 on Friday. The firm has a 50-day moving average price of $61.51 and a 200 day moving average price of $69.32. The firm has a market capitalization of $27.12 billion, a PE ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 52-week low of $33.10 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.
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