iShares Silver Trust (NYSEARCA:SLV) Trading Up 2.5%

iShares Silver Trust (NYSEARCA:SLV) shares traded up 2.5% on Monday . The stock traded as high as $26.31 and last traded at $26.27. 40,814,315 shares traded hands during trading, an increase of 82% from the average session volume of 22,478,252 shares. The stock had previously closed at $25.63.

iShares Silver Trust Trading Up 0.8 %

The firm’s 50 day moving average price is $22.52 and its two-hundred day moving average price is $21.66. The company has a market capitalization of $12.34 billion, a P/E ratio of -7.62 and a beta of 0.46.

Hedge Funds Weigh In On iShares Silver Trust

Large investors have recently modified their holdings of the business. VisionPoint Advisory Group LLC bought a new position in shares of iShares Silver Trust in the third quarter valued at $25,000. BluePath Capital Management LLC bought a new position in shares of iShares Silver Trust in the 3rd quarter valued at about $26,000. Transcendent Capital Group LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth about $26,000. Resurgent Financial Advisors LLC bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $26,000. Finally, Covestor Ltd acquired a new stake in iShares Silver Trust in the 1st quarter valued at about $28,000.

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.