Total Investment Management Inc. Sells 9,108 Shares of iShares Silver Trust (NYSEARCA:SLV)

Total Investment Management Inc. lowered its holdings in iShares Silver Trust (NYSEARCA:SLV) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,033,896 shares of the exchange traded fund’s stock after selling 9,108 shares during the quarter. iShares Silver Trust accounts for about 3.3% of Total Investment Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Total Investment Management Inc.’s holdings in iShares Silver Trust were worth $29,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaMark Advisors LLC grew its position in iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC bought a new position in shares of iShares Silver Trust in the 2nd quarter worth approximately $29,000. Jamison Private Wealth Management Inc. purchased a new position in shares of iShares Silver Trust in the third quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in iShares Silver Trust during the second quarter valued at approximately $32,000.

iShares Silver Trust Trading Up 0.0 %

Shares of SLV stock opened at $27.98 on Tuesday. The company has a 50 day simple moving average of $28.66 and a two-hundred day simple moving average of $27.40. The stock has a market cap of $13.13 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.07 and a 12 month high of $31.80.

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.