Shares of iShares Silver Trust (NYSEARCA:SLV – Get Free Report) saw an uptick in trading volume on Tuesday . 22,580,103 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 19,759,174 shares.The stock last traded at $29.23 and had previously closed at $28.67.
iShares Silver Trust Stock Up 1.9 %
The stock’s 50 day moving average is $27.64 and its two-hundred day moving average is $27.67. The company has a market capitalization of $13.71 billion, a PE ratio of -7.01 and a beta of 0.43.
Institutional Investors Weigh In On iShares Silver Trust
A number of institutional investors have recently added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. acquired a new position in iShares Silver Trust during the 2nd quarter valued at approximately $202,000. Sanctuary Advisors LLC purchased a new stake in iShares Silver Trust during the 2nd quarter valued at about $1,660,000. Park Avenue Securities LLC increased its holdings in shares of iShares Silver Trust by 30.3% in the third quarter. Park Avenue Securities LLC now owns 41,589 shares of the exchange traded fund’s stock valued at $1,182,000 after purchasing an additional 9,680 shares during the period. Alpha Financial Partners LLC raised its stake in shares of iShares Silver Trust by 237.9% in the third quarter. Alpha Financial Partners LLC now owns 33,184 shares of the exchange traded fund’s stock worth $943,000 after purchasing an additional 23,364 shares during the last quarter. Finally, Lakeridge Wealth Management LLC acquired a new stake in shares of iShares Silver Trust during the third quarter worth about $206,000.
About iShares Silver Trust
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.
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