Synergy Investment Management LLC Invests $179,000 in iShares Silver Trust (NYSEARCA:SLV)

Synergy Investment Management LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,793 shares of the exchange traded fund’s stock, valued at approximately $179,000.

A number of other hedge funds have also recently made changes to their positions in SLV. Quadrature Capital Ltd bought a new position in iShares Silver Trust in the 3rd quarter valued at approximately $91,122,000. Proficio Capital Partners LLC lifted its position in iShares Silver Trust by 715.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after acquiring an additional 1,858,658 shares in the last quarter. Bank of Montreal Can lifted its position in iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after acquiring an additional 1,370,298 shares in the last quarter. DRW Securities LLC lifted its position in iShares Silver Trust by 1,019.8% in the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after acquiring an additional 764,813 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in iShares Silver Trust in the 3rd quarter valued at approximately $20,773,000.

iShares Silver Trust Trading Up 0.9 %

SLV stock opened at $29.00 on Wednesday. The stock has a market capitalization of $13.84 billion, a PE ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a 12-month low of $21.64 and a 12-month high of $31.80. The stock’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $28.18.

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.