Encompass More Asset Management Makes New $1.95 Million Investment in iShares Silver Trust (NYSEARCA:SLV)

Encompass More Asset Management acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,477 shares of the exchange traded fund’s stock, valued at approximately $1,945,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vontobel Holding Ltd. grew its holdings in iShares Silver Trust by 106.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 61,402 shares of the exchange traded fund’s stock valued at $1,744,000 after purchasing an additional 31,601 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of iShares Silver Trust by 29.8% in the second quarter. Sequoia Financial Advisors LLC now owns 11,976 shares of the exchange traded fund’s stock worth $318,000 after buying an additional 2,749 shares in the last quarter. Inspirion Wealth Advisors LLC acquired a new stake in iShares Silver Trust during the second quarter worth about $220,000. ORG Partners LLC acquired a new stake in shares of iShares Silver Trust during the second quarter valued at about $39,000. Finally, Tidal Investments LLC boosted its stake in shares of iShares Silver Trust by 7.0% in the first quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 1,110 shares during the period.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $27.92 on Friday. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm’s fifty day simple moving average is $28.97 and its 200-day simple moving average is $27.64. iShares Silver Trust has a 12 month low of $20.07 and a 12 month high of $31.80.

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.