iShares Silver Trust (NYSEARCA:SLV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Silver Trust (NYSEARCA:SLVGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 30,847,445 shares traded hands during trading, an increase of 12% from the previous session’s volume of 27,593,211 shares.The stock last traded at $68.7580 and had previously closed at $66.01.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Trading Up 4.8%

The stock has a market capitalization of $37.25 billion, a PE ratio of -8.51 and a beta of 0.38. The firm’s 50-day moving average price is $50.94 and its 200-day moving average price is $41.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Silver Trust in the 2nd quarter valued at about $162,217,000. Meitav Investment House Ltd. lifted its position in iShares Silver Trust by 5.4% during the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after acquiring an additional 152,600 shares during the last quarter. Raymond James Financial Inc. boosted its stake in iShares Silver Trust by 12.7% in the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in iShares Silver Trust by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock worth $85,732,000 after purchasing an additional 26,710 shares during the last quarter.

iShares Silver Trust Company Profile

(Get Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

Read More

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.