Synergy Asset Management LLC Grows Position in iShares Silver Trust $SLV

Synergy Asset Management LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 228.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 60,425 shares of the exchange traded fund’s stock after acquiring an additional 42,028 shares during the period. Synergy Asset Management LLC’s holdings in iShares Silver Trust were worth $2,560,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Financial Services LLC bought a new stake in shares of iShares Silver Trust in the 3rd quarter worth $357,000. Simon Quick Advisors LLC bought a new position in shares of iShares Silver Trust during the third quarter valued at about $237,000. Signaturefd LLC boosted its holdings in iShares Silver Trust by 11.8% during the third quarter. Signaturefd LLC now owns 27,157 shares of the exchange traded fund’s stock worth $1,151,000 after purchasing an additional 2,874 shares during the last quarter. Brave Asset Management Inc. bought a new stake in iShares Silver Trust in the 3rd quarter worth about $403,000. Finally, BOS Asset Management LLC grew its position in iShares Silver Trust by 11.8% in the 3rd quarter. BOS Asset Management LLC now owns 28,095 shares of the exchange traded fund’s stock worth $1,190,000 after purchasing an additional 2,970 shares in the last quarter.

iShares Silver Trust Stock Up 2.1%

iShares Silver Trust stock opened at $65.75 on Friday. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $71.22. The company’s 50 day moving average price is $52.69 and its two-hundred day moving average price is $42.68. The stock has a market cap of $35.42 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.