iShares Silver Trust (NYSEARCA:SLV – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $28.53, but opened at $27.29. iShares Silver Trust shares last traded at $27.17, with a volume of 3,797,508 shares.
iShares Silver Trust Price Performance
The firm’s 50 day moving average is $26.18 and its 200 day moving average is $23.19. The firm has a market cap of $12.52 billion, a P/E ratio of -7.01 and a beta of 0.43.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Orion Capital Management LLC purchased a new stake in iShares Silver Trust during the third quarter valued at approximately $70,000. Trust Co. of Vermont increased its holdings in iShares Silver Trust by 88.4% during the third quarter. Trust Co. of Vermont now owns 8,525 shares of the exchange traded fund’s stock valued at $173,000 after buying an additional 4,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in iShares Silver Trust by 11.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock valued at $28,288,000 after buying an additional 132,729 shares during the last quarter. International Assets Investment Management LLC increased its holdings in iShares Silver Trust by 2,203.2% during the fourth quarter. International Assets Investment Management LLC now owns 236,727 shares of the exchange traded fund’s stock valued at $5,156,000 after buying an additional 226,449 shares during the last quarter. Finally, CoreCap Advisors LLC increased its holdings in iShares Silver Trust by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 30,225 shares of the exchange traded fund’s stock valued at $658,000 after buying an additional 12,907 shares during the last quarter.
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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Read More: iShares Silver Trust (NYSEARCA:SLV) Shares Gap Down to $28.53