iShares Silver Trust (NYSEARCA:SLV – Get Free Report) shares saw an uptick in trading volume on Tuesday . 22,580,103 shares were traded 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 Performance
The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The company has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $27.67.
Institutional Trading of iShares Silver Trust
Large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter valued at about $25,000. Key Client Fiduciary Advisors LLC increased its holdings in shares of iShares Silver Trust by 406.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. raised its position in shares of iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 972 shares during the period. Spartan Fund Management Inc. purchased a new position in iShares Silver Trust in the third quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter valued at $29,000.
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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