iShares Silver Trust (NYSEARCA:SLV) was the target of some unusual options trading activity on Friday. Stock traders acquired 10,132 put options on the company. This is an increase of approximately 118% compared to the average daily volume of 4,649 put options.

A number of hedge funds have recently made changes to their positions in the stock. IPG Investment Advisors LLC raised its stake in shares of iShares Silver Trust by 0.3% in the second quarter. IPG Investment Advisors LLC now owns 19,220 shares of the exchange traded fund’s stock worth $302,000 after buying an additional 50 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iShares Silver Trust by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 21,615 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 384 shares during the period. Puplava Financial Services Inc. raised its stake in shares of iShares Silver Trust by 4.1% in the second quarter. Puplava Financial Services Inc. now owns 14,485 shares of the exchange traded fund’s stock worth $228,000 after buying an additional 565 shares during the period. Sei Investments Co. raised its stake in shares of iShares Silver Trust by 16.2% in the second quarter. Sei Investments Co. now owns 9,753 shares of the exchange traded fund’s stock worth $154,000 after buying an additional 1,362 shares during the period. Finally, Smithfield Trust Co. raised its stake in shares of iShares Silver Trust by 26.7% in the second quarter. Smithfield Trust Co. now owns 6,843 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 1,443 shares during the period.

iShares Silver Trust (NYSEARCA:SLV) opened at 15.38 on Monday. The company has a 50-day moving average of $15.51 and a 200-day moving average of $16.30. iShares Silver Trust has a 52-week low of $14.44 and a 52-week high of $19.52.

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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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