Encompass More Asset Management lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 46.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,441 shares of the exchange traded fund’s stock after purchasing an additional 31,964 shares during the quarter. Encompass More Asset Management’s holdings in iShares Silver Trust were worth $2,645,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in SLV. Cornerstone Wealth Management LLC grew its holdings in iShares Silver Trust by 31.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 49,900 shares of the exchange traded fund’s stock valued at $1,314,000 after buying an additional 11,991 shares during the period. Brighton Jones LLC boosted its position in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,595 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its position in shares of iShares Silver Trust by 406.5% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 4,825 shares during the last quarter. Fiduciary Family Office LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $626,000. Finally, Avior Wealth Management LLC grew its stake in shares of iShares Silver Trust by 8.6% during the 4th quarter. Avior Wealth Management LLC now owns 64,467 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 5,101 shares during the period.
iShares Silver Trust Trading Up 0.8 %
NYSEARCA SLV opened at $27.98 on Friday. iShares Silver Trust has a 52 week low of $20.11 and a 52 week high of $31.80. The stock has a market cap of $13.13 billion, a P/E ratio of -7.01 and a beta of 0.43. The company’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $27.68.
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.
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