Synergy Asset Management LLC Acquires Shares of 8,625 iShares Silver Trust (NYSEARCA:SLV)

Synergy Asset Management LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, Holdings Channel reports. The firm acquired 8,625 shares of the exchange traded fund’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in iShares Silver Trust during the fourth quarter worth about $26,000. AlphaMark Advisors LLC increased its holdings in shares of iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $29,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at approximately $34,000. Finally, West Oak Capital LLC boosted its stake in shares of iShares Silver Trust by 102.3% in the second quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 655 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA:SLV traded down $0.06 during trading hours on Friday, reaching $26.17. 2,928,378 shares of the company were exchanged, compared to its average volume of 22,410,527. The business has a 50 day moving average of $26.58 and a 200 day moving average of $25.51. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $29.56. The company has a market capitalization of $12.28 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.