iShares Silver Trust (NYSEARCA:SLV) Shares Cross Below 200 Day Moving Average – Time to Sell?

iShares Silver Trust (NYSEARCA:SLV) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.65 and traded as low as $26.24. iShares Silver Trust shares last traded at $26.43, with a volume of 18,837,660 shares trading hands.

iShares Silver Trust Stock Performance

The business’s 50 day moving average price is $28.33 and its 200-day moving average price is $27.64. The company has a market cap of $12.36 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

Hedge Funds Weigh In On iShares Silver Trust

Several institutional investors have recently bought and sold shares of SLV. Vontobel Holding Ltd. boosted its position in iShares Silver Trust by 106.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 61,402 shares of the exchange traded fund’s stock valued at $1,744,000 after buying an additional 31,601 shares during the last quarter. ROI Financial Advisors LLC lifted its stake in shares of iShares Silver Trust by 64.0% during the third quarter. ROI Financial Advisors LLC now owns 27,239 shares of the exchange traded fund’s stock valued at $774,000 after acquiring an additional 10,626 shares during the period. FMR LLC boosted its holdings in iShares Silver Trust by 46.4% in the third quarter. FMR LLC now owns 16,201 shares of the exchange traded fund’s stock valued at $460,000 after acquiring an additional 5,135 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in iShares Silver Trust by 5.7% in the third quarter. Rockefeller Capital Management L.P. now owns 136,521 shares of the exchange traded fund’s stock worth $3,879,000 after purchasing an additional 7,388 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in iShares Silver Trust by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 196,237 shares of the exchange traded fund’s stock worth $5,575,000 after purchasing an additional 3,901 shares during the last quarter.

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.