iShares Silver Trust (NYSEARCA:SLV) Sets New 1-Year High – Here’s What Happened

iShares Silver Trust (NYSEARCA:SLV) reached a new 52-week high during trading on Friday . The stock traded as high as $29.99 and last traded at $29.92, with a volume of 17615117 shares changing hands. The stock had previously closed at $29.23.

iShares Silver Trust Stock Performance

The company has a market cap of $13.75 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm has a fifty day moving average price of $26.76 and a 200 day moving average price of $26.39.

Institutional Investors Weigh In On iShares Silver Trust

A number of large investors have recently added to or reduced their stakes in SLV. Sovereign Financial Group Inc. bought a new position in iShares Silver Trust during the 1st quarter worth $325,000. Scarborough Advisors LLC bought a new position in iShares Silver Trust during the 4th quarter worth $148,000. RFG Advisory LLC bought a new position in iShares Silver Trust during the 1st quarter worth $1,362,000. Sequoia Financial Advisors LLC increased its position in iShares Silver Trust by 29.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock worth $318,000 after buying an additional 2,749 shares during the period. Finally, Atomi Financial Group Inc. increased its position in iShares Silver Trust by 7.9% during the 1st quarter. Atomi Financial Group Inc. now owns 12,176 shares of the exchange traded fund’s stock worth $277,000 after buying an additional 888 shares during the period.

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.