iShares Silver Trust (NYSEARCA:SLV – Get Free Report) saw strong trading volume on Friday . 6,613,464 shares changed hands during trading, a decline of 61% from the previous session’s volume of 17,127,463 shares.The stock last traded at $22.80 and had previously closed at $22.65.
iShares Silver Trust Stock Down 0.4 %
The stock’s 50 day moving average price is $21.31 and its 200 day moving average price is $21.27.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SLV. BNP Paribas Arbitrage SA increased its position in shares of iShares Silver Trust by 5.9% in the first quarter. BNP Paribas Arbitrage SA now owns 3,850,025 shares of the exchange traded fund’s stock worth $88,089,000 after acquiring an additional 213,612 shares in the last quarter. Wellington Management Group LLP grew its position in iShares Silver Trust by 48.0% during the first quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock valued at $62,032,000 after purchasing an additional 879,524 shares in the last quarter. Bleakley Financial Group LLC grew its position in iShares Silver Trust by 27.5% during the fourth quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after purchasing an additional 397,836 shares in the last quarter. Simplicity Solutions LLC grew its position in iShares Silver Trust by 26.2% during the fourth quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after purchasing an additional 383,336 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in iShares Silver Trust by 27.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock valued at $34,882,000 after purchasing an additional 343,004 shares in the last quarter.
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.
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