iShares Silver Trust (NYSEARCA:SLV) Reaches New 12-Month High at $24.33

iShares Silver Trust (NYSEARCA:SLVGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.33 and last traded at $24.31, with a volume of 9820476 shares traded. The stock had previously closed at $23.84.

iShares Silver Trust Stock Up 2.9 %

The firm’s 50-day moving average is $21.60 and its 200 day moving average is $21.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SLV. BNP Paribas Arbitrage SA increased its stake in shares of 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 during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 during the last quarter. Bleakley Financial Group LLC increased its stake in shares of 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 during the last quarter. Simplicity Solutions LLC increased its stake in shares of 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 during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of 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 during the last quarter.

iShares Silver Trust Company Profile

(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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