iShares Silver Trust (NYSEARCA:SLV) Shares Gap Down to $26.43

Shares of iShares Silver Trust (NYSEARCA:SLV) gapped down before the market opened on Thursday . The stock had previously closed at $26.43, but opened at $25.24. iShares Silver Trust shares last traded at $25.22, with a volume of 3,786,273 shares trading hands.

iShares Silver Trust Price Performance

The company’s 50-day simple moving average is $27.55 and its 200 day simple moving average is $24.42. The firm has a market cap of $11.96 billion, a P/E ratio of -7.01 and a beta of 0.43.

Institutional Investors Weigh In On iShares Silver Trust

Several hedge funds and other institutional investors have recently made changes to their positions in SLV. AlphaMark Advisors LLC increased its stake in iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 372 shares during the period. Durante & Waters LLC increased its stake in iShares Silver Trust by 4.1% in the 1st quarter. Durante & Waters LLC now owns 11,500 shares of the exchange traded fund’s stock worth $262,000 after buying an additional 450 shares during the period. Professional Financial Advisors LLC increased its position in iShares Silver Trust by 1.0% during the 2nd quarter. Professional Financial Advisors LLC now owns 46,511 shares of the exchange traded fund’s stock valued at $1,236,000 after purchasing an additional 477 shares during the period. Tsfg LLC increased its position in iShares Silver Trust by 32.4% during the 2nd quarter. Tsfg LLC now owns 1,980 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 485 shares during the period. Finally, Grant GrossMendelsohn LLC increased its position in iShares Silver Trust by 4.4% during the 4th quarter. Grant GrossMendelsohn LLC now owns 12,100 shares of the exchange traded fund’s stock valued at $252,000 after purchasing an additional 505 shares during the period.

About iShares Silver Trust

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.