iShares Silver Trust (NYSEARCA:SLV – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $43.97 and last traded at $44.1130, with a volume of 14,271,217 shares traded. The stock had previously closed at $45.12.
iShares Silver Trust Stock Performance
The company’s 50-day moving average price is $53.20 and its 200-day moving average price is $62.59. The firm has a market capitalization of $24.75 billion, a PE ratio of -8.51 and a beta of 0.53.
Institutional Trading of iShares Silver Trust
A number of institutional investors have recently bought and sold shares of the business. Axiom Investment Management LLC acquired a new stake in shares of iShares Silver Trust during the 1st quarter worth about $26,000. Horizons Wealth Management acquired a new position in iShares Silver Trust in the third quarter valued at approximately $26,000. Bullseye Investment Management LLC acquired a new position in iShares Silver Trust in the second quarter valued at approximately $27,000. West Branch Capital LLC acquired a new position in iShares Silver Trust in the second quarter valued at approximately $27,000. Finally, Cape Investment Advisory Inc. purchased a new position in iShares Silver Trust in the second quarter valued at approximately $38,000.
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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