iShares Silver Trust (NYSEARCA:SLV – Get Free Report) was the target of some unusual options trading activity on Monday. Stock investors bought 599,279 call options on the company. This represents an increase of 58% compared to the average daily volume of 379,766 call options.
Institutional Investors Weigh In On iShares Silver Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Silver Trust in the 1st quarter valued at approximately $25,000. McClarren Financial Advisors Inc. boosted its position in shares of iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares during the period. Anderson Financial Strategies LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in iShares Silver Trust in the 4th quarter valued at approximately $29,000. Finally, Ameriflex Group Inc. purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $30,000.
iShares Silver Trust Stock Performance
Shares of iShares Silver Trust stock opened at $31.44 on Wednesday. The business’s 50 day moving average price is $29.63 and its 200 day moving average price is $28.90. The company has a market cap of $15.90 billion, a price-to-earnings ratio of -8.51 and a beta of 0.56. iShares Silver Trust has a one year low of $24.25 and a one year high of $31.80.
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.
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