iShares Silver Trust (NYSEARCA:SLV) Stock Pass Below Fifty Day Moving Average of $14.01

iShares Silver Trust (NYSEARCA:SLV) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.01 and traded as low as $14.12. iShares Silver Trust shares last traded at $14.22, with a volume of 174,795 shares.

The stock has a 50 day simple moving average of $14.02.

A number of hedge funds and other institutional investors have recently modified their holdings of SLV. Comerica Bank bought a new position in iShares Silver Trust during the fourth quarter worth $221,000. Northern Trust Corp lifted its stake in shares of iShares Silver Trust by 18.6% in the fourth quarter. Northern Trust Corp now owns 47,426 shares of the exchange traded fund’s stock valued at $688,000 after buying an additional 7,430 shares in the last quarter. Magnus Financial Group LLC bought a new position in shares of iShares Silver Trust in the fourth quarter valued at $263,000. Claybrook Capital LLC bought a new position in shares of iShares Silver Trust in the fourth quarter valued at $297,000. Finally, Lehman & Derafelo Financial Resources LLC bought a new position in shares of iShares Silver Trust in the fourth quarter valued at $951,000.

iShares Silver Trust Company Profile (NYSEARCA:SLV)

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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