NWI Management LP Sells 60,000 Shares of iShares Silver Trust $SLV

NWI Management LP trimmed its position in iShares Silver Trust (NYSEARCA:SLV) by 48.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLV. TBH Global Asset Management LLC raised its stake in shares of iShares Silver Trust by 1.5% in the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 104 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 130 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after acquiring an additional 132 shares in the last quarter. SouthState Bank Corp increased its stake in iShares Silver Trust by 29.6% in the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 148 shares during the period. Finally, Swisher Financial Concepts Inc. increased its stake in iShares Silver Trust by 0.8% in the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after acquiring an additional 148 shares during the period.

iShares Silver Trust Stock Down 2.1%

NYSEARCA:SLV opened at $52.36 on Friday. iShares Silver Trust has a 12-month low of $33.10 and a 12-month high of $109.83. The firm has a market capitalization of $27.97 billion, a PE ratio of -8.51 and a beta of 0.49. The firm has a 50-day moving average price of $57.53 and a 200 day moving average price of $68.20.

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.