Denver Wealth Management Inc. Sells 1,130 Shares of iShares Silver Trust (NYSEARCA:SLV)

Denver Wealth Management Inc. cut its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,428 shares of the exchange traded fund’s stock after selling 1,130 shares during the period. Denver Wealth Management Inc.’s holdings in iShares Silver Trust were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLV. Quadrature Capital Ltd acquired a new stake in shares of iShares Silver Trust in the 3rd quarter valued at $91,122,000. Bank of Montreal Can boosted its holdings in shares of iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after acquiring an additional 1,370,298 shares in the last quarter. DRW Securities LLC grew its position in iShares Silver Trust by 1,019.8% during the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock worth $19,598,000 after acquiring an additional 764,813 shares during the last quarter. RIA Advisory Group LLC acquired a new position in iShares Silver Trust in the third quarter worth $20,773,000. Finally, International Assets Investment Management LLC grew its holdings in iShares Silver Trust by 3,449.3% during the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock worth $15,336,000 after acquiring an additional 524,609 shares during the last quarter.

iShares Silver Trust Price Performance

SLV opened at $27.63 on Wednesday. The company’s 50 day simple moving average is $27.61 and its 200-day simple moving average is $27.65. iShares Silver Trust has a one year low of $20.11 and a one year high of $31.80. The stock has a market capitalization of $12.97 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.