iShares Silver Trust (NYSEARCA:SLV) Shares Gap Up to $26.97

Shares of iShares Silver Trust (NYSEARCA:SLV) gapped up prior to trading on Wednesday . The stock had previously closed at $26.97, but opened at $27.71. iShares Silver Trust shares last traded at $27.80, with a volume of 3,666,697 shares trading hands.

iShares Silver Trust Stock Performance

The stock has a market capitalization of $13.13 billion, a PE ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average is $26.73 and its two-hundred day moving average is $23.78.

Institutional Trading of iShares Silver Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia acquired a new position in iShares Silver Trust during the third quarter worth approximately $401,000. Lazard Asset Management LLC boosted its position in iShares Silver Trust by 16.3% during the 3rd quarter. Lazard Asset Management LLC now owns 21,854 shares of the exchange traded fund’s stock worth $444,000 after purchasing an additional 3,065 shares during the period. Glenmede Trust Co. NA raised its position in iShares Silver Trust by 1.2% in the third quarter. Glenmede Trust Co. NA now owns 73,293 shares of the exchange traded fund’s stock valued at $1,491,000 after purchasing an additional 870 shares during the period. Scotia Capital Inc. grew its stake in shares of iShares Silver Trust by 7.6% in the third quarter. Scotia Capital Inc. now owns 31,698 shares of the exchange traded fund’s stock valued at $645,000 after buying an additional 2,232 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its stake in shares of iShares Silver Trust by 1,480.8% in the third quarter. Riggs Asset Managment Co. Inc. now owns 6,323 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 5,923 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.