iShares Silver Trust (NYSEARCA:SLV – Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $61.40 and traded as low as $54.92. iShares Silver Trust shares last traded at $55.13, with a volume of 10,714,103 shares changing hands.
iShares Silver Trust Stock Performance
The company’s 50-day moving average price is $58.00 and its two-hundred day moving average price is $61.30. The stock has a market cap of $28.97 billion, a PE ratio of -8.51 and a beta of 0.51.
Institutional Trading of iShares Silver Trust
A number of hedge funds have recently bought and sold shares of the company. Axiom Investment Management LLC bought a new position in shares of iShares Silver Trust during the 1st quarter valued at $26,000. Horizons Wealth Management purchased a new position in iShares Silver Trust in the 3rd quarter worth approximately $26,000. Bullseye Investment Management LLC bought a new stake in iShares Silver Trust in the second quarter valued at approximately $27,000. West Branch Capital LLC bought a new stake in iShares Silver Trust in the second quarter valued at approximately $27,000. Finally, South Plains Financial Inc. bought a new stake in iShares Silver Trust in the fourth quarter valued at approximately $36,000.
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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.
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