Teacher Retirement System of Texas Buys Shares of 450,000 iShares Silver Trust $SLV

Teacher Retirement System of Texas purchased a new position in iShares Silver Trust (NYSEARCA:SLV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 450,000 shares of the exchange traded fund’s stock, valued at approximately $14,764,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLV. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter worth $25,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth $26,000. Financial Management Professionals Inc. boosted its stake in shares of iShares Silver Trust by 37.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 302 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter worth $42,000.

iShares Silver Trust Price Performance

SLV stock opened at $42.70 on Wednesday. The company has a market cap of $23.40 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $49.25. The stock’s fifty day moving average price is $40.64 and its 200-day moving average price is $35.16.

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.