Encompass More Asset Management Purchases Shares of 68,477 iShares Silver Trust (NYSEARCA:SLV)

Encompass More Asset Management bought a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,477 shares of the exchange traded fund’s stock, valued at approximately $1,945,000.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in shares of iShares Silver Trust by 9.1% during the 1st quarter. Lazard Asset Management LLC now owns 17,084 shares of the exchange traded fund’s stock worth $388,000 after buying an additional 1,430 shares in the last quarter. Tidal Investments LLC grew its holdings in iShares Silver Trust by 7.0% during 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. Cetera Investment Advisers boosted its holdings in shares of iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after acquiring an additional 730,121 shares during the period. Cetera Advisors LLC boosted its holdings in shares of iShares Silver Trust by 12.9% in the first quarter. Cetera Advisors LLC now owns 103,554 shares of the exchange traded fund’s stock worth $2,356,000 after acquiring an additional 11,852 shares during the period. Finally, Cetera Advisor Networks LLC raised its position in shares of iShares Silver Trust by 5.7% in the first quarter. Cetera Advisor Networks LLC now owns 646,741 shares of the exchange traded fund’s stock worth $14,713,000 after buying an additional 34,721 shares in the last quarter.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $27.92 on Friday. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The stock’s 50 day simple moving average is $28.97 and its two-hundred day simple moving average is $27.64.

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.