Hanlon Investment Management Inc. Sells 1,480 Shares of iShares Silver Trust (NYSEARCA:SLV)

Hanlon Investment Management Inc. cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,827 shares of the exchange traded fund’s stock after selling 1,480 shares during the period. Hanlon Investment Management Inc.’s holdings in iShares Silver Trust were worth $535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLV. AlphaMark Advisors LLC increased its position in shares of iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 372 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth about $28,000. Triad Wealth Partners LLC bought a new stake in shares of iShares Silver Trust during the second quarter worth about $29,000. Jamison Private Wealth Management Inc. bought a new stake in iShares Silver Trust in the 3rd quarter worth about $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in iShares Silver Trust in the 2nd quarter worth about $32,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $29.90 on Tuesday. iShares Silver Trust has a 52-week low of $20.07 and a 52-week high of $31.80. The company has a 50-day simple moving average of $28.45 and a two-hundred day simple moving average of $27.27. The company has a market capitalization of $14.03 billion, a price-to-earnings 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.