iShares Silver Trust (NYSEARCA:SLV) Shares Gap Down to $22.02

iShares Silver Trust (NYSEARCA:SLV – Get Rating)’s share price gapped down prior to trading on Monday . The stock had previously closed at $22.02, but opened at $21.18. iShares Silver Trust shares last traded at $21.20, with a volume of 7,067,401 shares traded.

iShares Silver Trust Price Performance

The firm’s 50 day simple moving average is $21.21 and its two-hundred day simple moving average is $19.08.

Institutional Trading of iShares Silver Trust

Several hedge funds have recently added to or reduced their stakes in SLV. Armstrong Advisory Group Inc. purchased a new position in shares of iShares Silver Trust in the fourth quarter valued at about $28,000. Covestor Ltd purchased a new position in shares of iShares Silver Trust during the first quarter valued at about $28,000. First National Advisers LLC purchased a new position in shares of iShares Silver Trust during the third quarter valued at about $30,000. Venture Visionary Partners LLC purchased a new position in shares of iShares Silver Trust during the second quarter valued at about $32,000. Finally, CX Institutional purchased a new position in shares of iShares Silver Trust during the second quarter valued at about $32,000.

iShares Silver Trust Company Profile

(Get Rating)

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.