iShares Silver Trust (NYSEARCA:SLV) Sees Large Volume Increase

iShares Silver Trust (NYSEARCA:SLV) saw unusually-high trading volume on Tuesday . Approximately 12,060,014 shares traded hands during trading, a decline of 46% from the previous session’s volume of 22,467,158 shares.The stock last traded at $25.61 and had previously closed at $26.41.

iShares Silver Trust Stock Performance

The business’s 50 day moving average is $22.63 and its 200-day moving average is $21.69. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46.

Institutional Investors Weigh In On iShares Silver Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Foguth Wealth Management LLC. acquired a new stake in iShares Silver Trust in the 1st quarter valued at $319,000. Total Investment Management Inc. grew its stake in iShares Silver Trust by 0.3% in the 1st quarter. Total Investment Management Inc. now owns 1,042,018 shares of the exchange traded fund’s stock valued at $23,706,000 after acquiring an additional 2,908 shares during the period. 180 Wealth Advisors LLC acquired a new stake in iShares Silver Trust during the 1st quarter worth $218,000. Vanguard Capital Wealth Advisors boosted its stake in iShares Silver Trust by 652.2% during the 1st quarter. Vanguard Capital Wealth Advisors now owns 84,250 shares of the exchange traded fund’s stock worth $1,917,000 after purchasing an additional 73,050 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in iShares Silver Trust by 23.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 34,933 shares of the exchange traded fund’s stock worth $795,000 after purchasing an additional 6,732 shares during the last quarter.

About iShares Silver Trust

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.