Teacher Retirement System of Texas grew its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 259.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,400,000 shares of the exchange traded fund’s stock after acquiring an additional 1,011,000 shares during the quarter. Teacher Retirement System of Texas’ holdings in iShares Silver Trust were worth $90,188,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in shares of iShares Silver Trust by 12.7% in the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of iShares Silver Trust by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after acquiring an additional 26,710 shares during the period. Mainstay Capital Management LLC ADV boosted its holdings in shares of iShares Silver Trust by 82.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after acquiring an additional 824,589 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of iShares Silver Trust by 5.7% in the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock valued at $74,153,000 after acquiring an additional 94,521 shares during the period.
iShares Silver Trust Trading Up 2.7%
SLV stock opened at $70.37 on Thursday. The company has a market capitalization of $39.83 billion, a P/E ratio of -8.51 and a beta of 0.52. iShares Silver Trust has a twelve month low of $29.04 and a twelve month high of $109.83. The business has a 50 day simple moving average of $71.11 and a 200-day simple moving average of $63.94.
iShares Silver Trust Company 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. 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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