Total Investment Management Inc. Trims Position in iShares Silver Trust (NYSEARCA:SLV)

Total Investment Management Inc. cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 99.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,080 shares of the exchange traded fund’s stock after selling 1,024,816 shares during the period. Total Investment Management Inc.’s holdings in iShares Silver Trust were worth $239,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SLV. Eagle Bay Advisors LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $25,000. Key Client Fiduciary Advisors LLC increased its stake in shares of iShares Silver Trust by 406.5% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 4,825 shares during the period. McClarren Financial Advisors Inc. increased its stake in shares of iShares Silver Trust by 3,471.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 972 shares during the period. Spartan Fund Management Inc. purchased a new position in shares of iShares Silver Trust during the third quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $29,000.

iShares Silver Trust Stock Down 0.5 %

NYSEARCA SLV opened at $29.31 on Monday. iShares Silver Trust has a twelve month low of $20.45 and a twelve month high of $31.80. The firm has a market capitalization of $13.76 billion, a PE ratio of -7.01 and a beta of 0.43. The stock’s 50 day moving average is $27.86 and its 200 day moving average is $27.87.

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.