Synergy Asset Management LLC Cuts Stake in iShares Silver Trust $SLV

Synergy Asset Management LLC lowered its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 31.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Hilltop National Bank purchased a new stake in shares of iShares Silver Trust during the second quarter worth about $123,000. Matauro LLC purchased a new position in iShares Silver Trust during the 2nd quarter valued at approximately $755,000. Parsons Capital Management Inc. RI grew its holdings in iShares Silver Trust by 3.1% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 28,371 shares of the exchange traded fund’s stock valued at $931,000 after buying an additional 846 shares in the last quarter. Trilogy Capital Inc. purchased a new position in iShares Silver Trust during the 2nd quarter valued at approximately $244,000. Finally, Consolidated Portfolio Review Corp grew its holdings in iShares Silver Trust by 15.3% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 135,172 shares of the exchange traded fund’s stock valued at $4,435,000 after buying an additional 17,951 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $42.53 on Friday. The stock has a market capitalization of $23.37 billion, a PE ratio of -8.51 and a beta of 0.59. The business has a 50 day simple moving average of $36.74 and a two-hundred day simple moving average of $33.14. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $43.59.

iShares Silver Trust 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.