Synergy Asset Management LLC Buys Shares of 6,786 iShares Silver Trust (NYSEARCA:SLV)

Synergy Asset Management LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,786 shares of the exchange traded fund’s stock, valued at approximately $193,000.

Several other hedge funds have also made changes to their positions in SLV. Eagle Bay Advisors LLC acquired a new position in shares of iShares Silver Trust during the fourth quarter valued at $25,000. Spartan Fund Management Inc. bought a new stake in shares of iShares Silver Trust during the 3rd quarter worth about $28,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust in the 3rd quarter worth approximately $31,000. Peoples Bank KS boosted its holdings in shares of iShares Silver Trust by 334.5% in the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 970 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $35,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $28.72 on Friday. iShares Silver Trust has a 1 year low of $20.11 and a 1 year high of $31.80. The firm has a market cap of $13.48 billion, a P/E ratio of -7.01 and a beta of 0.43. The stock has a fifty day moving average price of $27.62 and a two-hundred day moving average price of $27.66.

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.