Red Cedar Investment Management LLC Purchases New Stake in iShares Silver Trust $SLV

Red Cedar Investment Management LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 355,723 shares of the exchange traded fund’s stock, valued at approximately $22,916,000. iShares Silver Trust accounts for approximately 2.5% of Red Cedar Investment Management LLC’s portfolio, making the stock its 10th largest position.

Other large investors have also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth $30,000. Rialto Wealth Management LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at about $33,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $34,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of iShares Silver Trust by 274.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 425 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new stake in iShares Silver Trust during the third quarter worth about $38,000.

iShares Silver Trust Trading Down 4.2%

Shares of SLV opened at $59.01 on Wednesday. The firm’s 50-day moving average is $68.75 and its two-hundred day moving average is $69.39. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The firm has a market capitalization of $33.40 billion, a P/E ratio of -8.51 and a beta of 0.45.

iShares Silver Trust 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.