Dorsey Wright & Associates Sells 1,559 Shares of iShares Silver Trust (NYSEARCA:SLV)

Dorsey Wright & Associates trimmed its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 79,635 shares of the exchange traded fund’s stock after selling 1,559 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares Silver Trust were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in iShares Silver Trust by 29.8% in the 4th quarter. Bank of New York Mellon Corp now owns 760,146 shares of the exchange traded fund’s stock valued at $20,015,000 after buying an additional 174,501 shares in the last quarter. Fisher Asset Management LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at about $220,000. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in iShares Silver Trust by 55.8% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,163 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 5,790 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in iShares Silver Trust by 15.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,493 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 3,459 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in iShares Silver Trust by 26.8% in the 4th quarter. Savant Capital LLC now owns 13,245 shares of the exchange traded fund’s stock valued at $349,000 after purchasing an additional 2,803 shares during the period.

iShares Silver Trust Trading Down 1.0 %

Shares of SLV opened at $31.00 on Friday. iShares Silver Trust has a 12 month low of $22.63 and a 12 month high of $31.80. The firm’s 50 day moving average is $29.36 and its 200-day moving average is $28.67. The stock has a market capitalization of $14.83 billion, a PE ratio of -8.87 and a beta of 0.73.

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.