10,975 Shares in iShares Silver Trust $SLV Purchased by Palladiem LLC

Palladiem 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 investment portfolio, making the stock its 20th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new stake in iShares Silver Trust during the 4th quarter worth about $30,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth about $33,000. BOK Financial Private Wealth Inc. purchased a new stake in iShares Silver Trust during the 4th quarter worth about $34,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in iShares Silver Trust by 274.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares in the last quarter. Finally, Bangor Savings Bank purchased a new stake in iShares Silver Trust during the 4th quarter worth about $38,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $61.57 on Friday. The stock’s 50-day simple moving average is $68.82 and its 200 day simple moving average is $69.03. The stock has a market capitalization of $34.85 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83.

About iShares Silver Trust

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.