iShares Silver Trust (NYSEARCA:SLV) Shares Gap Down to $22.02

iShares Silver Trust (NYSEARCA:SLVGet Rating) gapped down prior to trading on Monday . The stock had previously closed at $22.02, but opened at $21.18. iShares Silver Trust shares last traded at $21.20, with a volume of 7,067,401 shares.

iShares Silver Trust Stock Up 0.8 %

The firm’s 50 day moving average price is $21.21 and its 200-day moving average price is $19.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLV. Oarsman Capital Inc. increased its holdings in iShares Silver Trust by 3.5% during the third quarter. Oarsman Capital Inc. now owns 16,780 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 575 shares during the last quarter. Rational Advisors LLC increased its holdings in iShares Silver Trust by 17.1% during the second quarter. Rational Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 595 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in iShares Silver Trust by 5.4% during the fourth quarter. Capital Investment Advisors LLC now owns 11,603 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 599 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in iShares Silver Trust by 7.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,359 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 610 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in iShares Silver Trust by 2.4% during the fourth quarter. Allworth Financial LP now owns 26,500 shares of the exchange traded fund’s stock valued at $584,000 after buying an additional 623 shares during the last quarter.

About iShares Silver Trust

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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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