iShares Silver Trust (NYSEARCA:SLV) Sees Strong Trading Volume

iShares Silver Trust (NYSEARCA:SLV) saw unusually-high trading volume on Friday . Approximately 552,107 shares were traded during trading, a decline of 98% from the previous session’s volume of 29,314,047 shares.The stock last traded at $20.52 and had previously closed at $20.91.

The stock has a 50-day simple moving average of $22.27 and a two-hundred day simple moving average of $23.72.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in iShares Silver Trust by 6.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 103,951 shares of the exchange traded fund’s stock valued at $2,359,000 after purchasing an additional 6,733 shares in the last quarter. Granby Capital Management LLC bought a new position in shares of iShares Silver Trust in the 1st quarter worth $2,838,000. MML Investors Services LLC raised its position in shares of iShares Silver Trust by 13.2% in the 1st quarter. MML Investors Services LLC now owns 706,788 shares of the exchange traded fund’s stock worth $16,044,000 after acquiring an additional 82,396 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of iShares Silver Trust in the 1st quarter worth $268,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of iShares Silver Trust in the 2nd quarter worth $3,480,000.

About iShares Silver Trust (NYSEARCA:SLV)

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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