iShares Silver Trust (NYSEARCA:SLV) Shares Gap Up to $22.86

Shares of iShares Silver Trust (NYSEARCA:SLVGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $22.86, but opened at $23.33. iShares Silver Trust shares last traded at $23.31, with a volume of 6,648,252 shares traded.

iShares Silver Trust Stock Performance

The business’s 50 day moving average price is $21.68 and its 200 day moving average price is $21.38.

Institutional Trading of iShares Silver Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its stake in iShares Silver Trust by 5.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,850,025 shares of the exchange traded fund’s stock valued at $88,089,000 after acquiring an additional 213,612 shares in the last quarter. Wellington Management Group LLP grew its stake in iShares Silver Trust by 48.0% during the 1st quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock valued at $62,032,000 after acquiring an additional 879,524 shares in the last quarter. Bleakley Financial Group LLC grew its stake in iShares Silver Trust by 27.5% during the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after acquiring an additional 397,836 shares in the last quarter. Simplicity Solutions LLC grew its stake in iShares Silver Trust by 26.2% during the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after acquiring an additional 383,336 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in iShares Silver Trust by 27.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock valued at $34,882,000 after acquiring an additional 343,004 shares in 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.

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