HighTower Advisors LLC Sells 126,894 Shares of abrdn Physical Silver Shares ETF $SIVR

HighTower Advisors LLC cut its position in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 23.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 418,252 shares of the company’s stock after selling 126,894 shares during the quarter. HighTower Advisors LLC’s holdings in abrdn Physical Silver Shares ETF were worth $28,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of abrdn Physical Silver Shares ETF by 243.1% in the third quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock worth $265,386,000 after purchasing an additional 4,227,392 shares in the last quarter. Bank of America Corp DE increased its stake in shares of abrdn Physical Silver Shares ETF by 55.1% in the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock worth $72,374,000 after purchasing an additional 578,217 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 65,521.7% in the fourth quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after purchasing an additional 695,185 shares in the last quarter. AMG National Trust Bank increased its stake in shares of abrdn Physical Silver Shares ETF by 6.5% in the third quarter. AMG National Trust Bank now owns 627,337 shares of the company’s stock worth $27,904,000 after purchasing an additional 38,475 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of abrdn Physical Silver Shares ETF by 33.3% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 600,000 shares of the company’s stock worth $26,469,000 after purchasing an additional 150,000 shares in the last quarter.

abrdn Physical Silver Shares ETF Price Performance

Shares of NYSEARCA SIVR opened at $71.82 on Friday. The firm has a fifty day moving average price of $72.47 and a 200-day moving average price of $70.87. abrdn Physical Silver Shares ETF has a 1 year low of $31.24 and a 1 year high of $115.26.

abrdn Physical Silver Shares ETF Company Profile

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.