iShares Silver Trust (NYSEARCA:SLV) Hits New 1-Year High – What’s Next?

iShares Silver Trust (NYSEARCA:SLVGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $100.20 and last traded at $100.82, with a volume of 45908349 shares trading hands. The stock had previously closed at $92.91.

More iShares Silver Trust News

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

iShares Silver Trust Stock Up 3.9%

The stock’s 50 day moving average is $65.31 and its two-hundred day moving average is $48.63. The company has a market capitalization of $60.54 billion, a PE ratio of -8.51 and a beta of 0.38.

Hedge Funds Weigh In On iShares Silver Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cadinha & Co. LLC bought a new position in iShares Silver Trust in the fourth quarter worth approximately $393,000. N.E.W. Advisory Services LLC increased its holdings in shares of iShares Silver Trust by 1.2% in the 4th quarter. N.E.W. Advisory Services LLC now owns 26,626 shares of the exchange traded fund’s stock valued at $1,715,000 after acquiring an additional 311 shares during the period. Geneos Wealth Management Inc. raised its position in shares of iShares Silver Trust by 210.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 73,717 shares of the exchange traded fund’s stock worth $4,749,000 after acquiring an additional 49,973 shares in the last quarter. Mountain Capital Investment Advisors Inc. bought a new position in shares of iShares Silver Trust in the 4th quarter worth $212,000. Finally, Briaud Financial Planning Inc lifted its stake in shares of iShares Silver Trust by 1.0% during the 4th quarter. Briaud Financial Planning Inc now owns 627,095 shares of the exchange traded fund’s stock worth $40,397,000 after purchasing an additional 6,031 shares during the last quarter.

About iShares Silver Trust

(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.

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