NWI Management LP cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 48.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the exchange traded fund’s stock after selling 60,000 shares during the quarter. NWI Management LP’s holdings in iShares Silver Trust were worth $4,429,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new stake in iShares Silver Trust in the 4th quarter worth $238,000. Capstone Wealth Management Group LLC acquired a new stake in iShares Silver Trust in the 1st quarter worth $443,000. Schnieders Capital Management LLC. grew its position in iShares Silver Trust by 15.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of iShares Silver Trust during the 2nd quarter worth about $886,000.
iShares Silver Trust Stock Performance
Shares of SLV opened at $52.36 on Friday. The company has a 50-day simple moving average of $57.53 and a 200-day simple moving average of $68.20. The firm has a market capitalization of $27.97 billion, a P/E 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 Company 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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