Palladiem LLC Purchases Shares of 10,975 iShares Silver Trust $SLV

Palladiem LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,975 shares of the exchange traded fund’s stock, valued at approximately $757,000. iShares Silver Trust makes up about 0.7% of Palladiem LLC’s portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of SLV. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $33,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $34,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of iShares Silver Trust by 274.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 425 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of iShares Silver Trust in the 3rd quarter valued at about $38,000.

iShares Silver Trust Trading Down 8.1%

Shares of iShares Silver Trust stock opened at $61.57 on Friday. The firm has a market capitalization of $34.85 billion, a PE ratio of -8.51 and a beta of 0.45. The business’s 50-day moving average price is $68.82 and its 200-day moving average price is $69.03. iShares Silver Trust has a 12 month low of $32.06 and a 12 month 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.