iShares Silver Trust (NYSEARCA:SLV) Shares Purchased by Encompass More Asset Management

Encompass More Asset Management raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 46.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 100,441 shares of the exchange traded fund’s stock after buying 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in iShares Silver Trust in the third quarter worth $91,122,000. Bank of Montreal Can grew its position in shares of iShares Silver Trust by 258.4% during the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after acquiring an additional 1,370,298 shares during the last quarter. DRW Securities LLC increased its holdings in shares of iShares Silver Trust by 1,019.8% in the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock worth $19,598,000 after acquiring an additional 764,813 shares during the period. RIA Advisory Group LLC bought a new stake in iShares Silver Trust in the 3rd quarter valued at about $20,773,000. Finally, International Assets Investment Management LLC boosted its stake in iShares Silver Trust by 3,449.3% during the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after purchasing an additional 524,609 shares during the period.

iShares Silver Trust Trading Up 0.8 %

Shares of NYSEARCA:SLV opened at $27.98 on Friday. The firm’s 50 day moving average is $27.63 and its two-hundred day moving average is $27.68. The firm has a market capitalization of $13.13 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52 week low of $20.11 and a 52 week high of $31.80.

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.