iShares Silver Trust (NYSEARCA:SLV) Stock Price Up 2.5%

iShares Silver Trust (NYSEARCA:SLV)’s stock price shot up 2.5% during mid-day trading on Monday . The company traded as high as $26.31 and last traded at $26.27. 40,814,315 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 22,478,252 shares. The stock had previously closed at $25.63.

iShares Silver Trust Stock Up 0.8 %

The firm has a market cap of $12.34 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46. The firm has a 50 day moving average of $22.52 and a 200 day moving average of $21.66.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC acquired a new stake in iShares Silver Trust in the third quarter worth $25,000. BluePath Capital Management LLC bought a new position in shares of iShares Silver Trust during the 3rd quarter worth about $26,000. Transcendent Capital Group LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $26,000. Resurgent Financial Advisors LLC bought a new stake in iShares Silver Trust in the 4th quarter valued at about $26,000. Finally, Covestor Ltd bought a new stake in iShares Silver Trust in the 1st quarter valued at about $28,000.

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.