abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Up 7.7% – Should You Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report)’s share price traded up 7.7% during trading on Friday . The company traded as high as $79.66 and last traded at $80.3050. 2,822,571 shares were traded during mid-day trading, a decline of 57% from the average session volume of 6,631,830 shares. The stock had previously closed at $74.59.

abrdn Physical Silver Shares ETF News Roundup

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Performance

The company’s 50-day simple moving average is $78.01 and its 200-day simple moving average is $56.43.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Several institutional investors have recently added to or reduced their stakes in the stock. SouthState Bank Corp lifted its position in abrdn Physical Silver Shares ETF by 14.2% during the 4th quarter. SouthState Bank Corp now owns 1,142 shares of the company’s stock worth $77,000 after acquiring an additional 142 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of abrdn Physical Silver Shares ETF by 2.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,704 shares of the company’s stock worth $386,000 after purchasing an additional 150 shares during the last quarter. Leading Edge Financial Planning LLC lifted its holdings in shares of abrdn Physical Silver Shares ETF by 4.7% during the fourth quarter. Leading Edge Financial Planning LLC now owns 5,023 shares of the company’s stock worth $340,000 after purchasing an additional 227 shares during the period. Comerica Bank lifted its holdings in shares of abrdn Physical Silver Shares ETF by 9.6% during the fourth quarter. Comerica Bank now owns 2,640 shares of the company’s stock worth $179,000 after purchasing an additional 231 shares during the period. Finally, Braun Bostich & Associates Inc. grew its position in abrdn Physical Silver Shares ETF by 1.2% in the 4th quarter. Braun Bostich & Associates Inc. now owns 20,271 shares of the company’s stock valued at $1,371,000 after buying an additional 248 shares during the last quarter.

About abrdn Physical Silver Shares ETF

(Get Free Report)

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust. The sponsor of the Trust is ETF Securities USA LLC.

Further Reading

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