Encompass More Asset Management Has $6.97 Million Holdings in iShares Silver Trust $SLV

Encompass More Asset Management grew its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 23.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 108,141 shares of the exchange traded fund’s stock after buying an additional 20,343 shares during the quarter. iShares Silver Trust makes up approximately 1.3% of Encompass More Asset Management’s portfolio, making the stock its 19th largest holding. Encompass More Asset Management’s holdings in iShares Silver Trust were worth $6,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in SLV. Vantage Financial Partners LLC bought a new position in shares of iShares Silver Trust in the third quarter worth about $489,000. D.B. Root & Company LLC bought a new position in shares of iShares Silver Trust in the third quarter worth about $370,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares Silver Trust by 14.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after purchasing an additional 30,915 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of iShares Silver Trust by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC bought a new position in shares of iShares Silver Trust in the third quarter worth about $235,000.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $70.13 on Thursday. The business’s 50-day simple moving average is $70.46 and its 200-day simple moving average is $65.27. The firm has a market capitalization of $39.69 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 52 week low of $29.09 and a 52 week high of $109.83.

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iShares Silver Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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