Synergy Asset Management LLC Sells 8,581 Shares of iShares Silver Trust $SLV

Synergy Asset Management LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 31.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,397 shares of the exchange traded fund’s stock after selling 8,581 shares during the quarter. Synergy Asset Management LLC’s holdings in iShares Silver Trust were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Silver Trust in the first quarter worth about $25,000. Highline Wealth Partners LLC bought a new position in shares of iShares Silver Trust in the second quarter worth about $26,000. Kentucky Trust Co raised its stake in shares of iShares Silver Trust by 185.7% in the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 650 shares during the period. Trifecta Capital Advisors LLC bought a new position in shares of iShares Silver Trust in the first quarter worth about $31,000. Finally, Financial Management Professionals Inc. raised its stake in shares of iShares Silver Trust by 37.6% in the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 302 shares during the period.

iShares Silver Trust Trading Down 0.9%

NYSEARCA:SLV opened at $42.53 on Friday. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $43.59. The stock has a 50-day moving average price of $36.74 and a 200 day moving average price of $33.14. The stock has a market capitalization of $23.37 billion, a P/E ratio of -8.51 and a beta of 0.59.

iShares Silver Trust Company 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.