Dynamic Advisor Solutions LLC Sells 93,008 Shares of iShares Silver Trust (NYSEARCA:SLV)

Dynamic Advisor Solutions LLC decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 59.6% in the third quarter, Holdings Channel.com reports. The firm owned 62,921 shares of the exchange traded fund’s stock after selling 93,008 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares Silver Trust were worth $1,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Sovereign Financial Group Inc. purchased a new position in iShares Silver Trust during the first quarter valued at $325,000. Scarborough Advisors LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $148,000. RFG Advisory LLC purchased a new stake in iShares Silver Trust during the 1st quarter valued at $1,362,000. Sequoia Financial Advisors LLC lifted its holdings in iShares Silver Trust by 29.8% in the second quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock valued at $318,000 after acquiring an additional 2,749 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of iShares Silver Trust by 7.9% in the 1st quarter. Atomi Financial Group Inc. now owns 12,176 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 888 shares during the period.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $27.86 on Thursday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm has a fifty day moving average price of $26.98 and a 200-day moving average price of $26.57. iShares Silver Trust has a 1 year low of $19.88 and a 1 year high of $30.07.

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.