iShares Silver Trust (NYSEARCA:SLV) Sets New 1-Year High – Should You Buy?

iShares Silver Trust (NYSEARCA:SLV)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.90 and last traded at $49.9520, with a volume of 6718725 shares traded. The stock had previously closed at $48.40.

iShares Silver Trust Stock Performance

The business’s 50-day moving average is $44.55 and its 200-day moving average is $37.54. The company has a market capitalization of $27.00 billion, a PE ratio of -8.51 and a beta of 0.38.

Institutional Investors Weigh In On iShares Silver Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Center for Financial Planning Inc. bought a new stake in iShares Silver Trust during the second quarter valued at about $25,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Silver Trust during the 2nd quarter valued at about $26,000. Addison Advisors LLC bought a new position in shares of iShares Silver Trust during the 2nd quarter valued at approximately $31,000. Nexus Investment Management ULC increased its holdings in iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new stake in iShares Silver Trust during the 3rd quarter worth approximately $32,000.

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.