355,723 Shares in iShares Silver Trust $SLV Purchased by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 355,723 shares of the exchange traded fund’s stock, valued at approximately $22,916,000. iShares Silver Trust accounts for about 2.5% of Red Cedar Investment Management LLC’s portfolio, making the stock its 10th largest position. Red Cedar Investment Management LLC owned 0.06% of iShares Silver Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its stake in shares of iShares Silver Trust by 259.9% during the fourth quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after purchasing an additional 1,011,000 shares during the last quarter. Quadrature Capital Ltd grew its position in iShares Silver Trust by 1,691.5% in the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock valued at $40,681,000 after buying an additional 906,747 shares during the last quarter. Mainstay Capital Management LLC ADV increased its stake in iShares Silver Trust by 478.6% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after buying an additional 827,089 shares during the period. Briaud Financial Planning Inc raised its position in iShares Silver Trust by 5,493.2% during the 3rd quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock worth $26,314,000 after buying an additional 609,960 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after buying an additional 573,660 shares during the last quarter.

iShares Silver Trust Stock Down 4.2%

Shares of NYSEARCA:SLV opened at $59.01 on Wednesday. The company has a market cap of $33.40 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The firm’s 50-day simple moving average is $68.75 and its 200-day simple moving average is $69.39. iShares Silver Trust has a fifty-two week low of $32.06 and a fifty-two week high of $109.83.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.