iShares Silver Trust (NYSEARCA:SLV) Shares Gap Down to $26.20

Shares of iShares Silver Trust (NYSEARCA:SLV) gapped down prior to trading on Monday . The stock had previously closed at $26.20, but opened at $24.95. iShares Silver Trust shares last traded at $25.12, with a volume of 17,546,831 shares changing hands.

iShares Silver Trust Stock Up 0.2 %

The stock’s 50-day simple moving average is $23.02 and its 200 day simple moving average is $21.88. The firm has a market cap of $11.86 billion, a P/E ratio of -7.62 and a beta of 0.46.

Institutional Trading of iShares Silver Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in iShares Silver Trust during the 3rd quarter valued at $70,000. Trust Co. of Vermont increased its holdings in iShares Silver Trust by 88.4% during the 3rd quarter. Trust Co. of Vermont now owns 8,525 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 4,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of iShares Silver Trust by 11.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after purchasing an additional 132,729 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of iShares Silver Trust by 2,203.2% in the fourth quarter. International Assets Investment Management LLC now owns 236,727 shares of the exchange traded fund’s stock worth $5,156,000 after purchasing an additional 226,449 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of iShares Silver Trust by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 30,225 shares of the exchange traded fund’s stock valued at $658,000 after purchasing an additional 12,907 shares in 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.