Dorsey Wright & Associates Lowers Stock Holdings in iShares Silver Trust (NYSEARCA:SLV)

Dorsey Wright & Associates lessened its position in iShares Silver Trust (NYSEARCA:SLV) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,194 shares of the exchange traded fund’s stock after selling 5,225 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares Silver Trust were worth $2,307,000 at the end of the most recent reporting period.

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

iShares Silver Trust Stock Performance

SLV stock opened at $28.25 on Friday. The company’s 50 day moving average price is $28.89 and its 200 day moving average price is $27.67. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80.

About iShares Silver Trust

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.