NWI Management LP Trims Stock Position in iShares Silver Trust (NYSEARCA:SLV)

NWI Management LP decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 28.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,000 shares of the exchange traded fund’s stock after selling 10,000 shares during the period. NWI Management LP’s holdings in iShares Silver Trust were worth $658,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLV. Eagle Bay Advisors LLC acquired a new position in iShares Silver Trust during the fourth quarter worth about $25,000. Key Client Fiduciary Advisors LLC lifted its holdings in shares of iShares Silver Trust by 406.5% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of iShares Silver Trust by 3,471.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 972 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $26,000. Finally, Stonebridge Financial Group LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth approximately $29,000.

iShares Silver Trust Stock Up 1.0%

Shares of SLV opened at $29.93 on Wednesday. iShares Silver Trust has a fifty-two week low of $24.25 and a fifty-two week high of $31.80. The firm’s 50 day moving average price is $29.69 and its 200 day moving average price is $28.78. The company has a market cap of $14.83 billion, a P/E ratio of -8.51 and a beta of 0.61.

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.