Andina Capital Management LLC Has $259,000 Position in iShares Silver Trust (NYSEARCA:SLV)

Andina Capital Management LLC lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 24.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,845 shares of the exchange traded fund’s stock after selling 3,253 shares during the quarter. Andina Capital Management LLC’s holdings in iShares Silver Trust were worth $259,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whitaker Myers Wealth Managers LTD. increased its stake in iShares Silver Trust by 3.1% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 11,339 shares of the exchange traded fund’s stock valued at $322,000 after acquiring an additional 340 shares during the period. Moloney Securities Asset Management LLC increased its position in shares of iShares Silver Trust by 3.3% during the third quarter. Moloney Securities Asset Management LLC now owns 11,097 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 356 shares during the period. Columbus Macro LLC raised its stake in shares of iShares Silver Trust by 1.8% in the third quarter. Columbus Macro LLC now owns 20,462 shares of the exchange traded fund’s stock valued at $588,000 after purchasing an additional 368 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its position in iShares Silver Trust by 4.6% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock worth $223,000 after purchasing an additional 372 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in iShares Silver Trust by 3.1% in the 3rd quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock valued at $366,000 after buying an additional 383 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $27.91 on Friday. The company has a 50-day moving average of $27.64 and a 200-day moving average of $27.67. iShares Silver Trust has a 52 week low of $20.11 and a 52 week high of $31.80. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.