SMART Wealth LLC Trims Position in abrdn Physical Silver Shares ETF $SIVR

SMART Wealth LLC cut its stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 36.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,359 shares of the company’s stock after selling 24,881 shares during the period. SMART Wealth LLC owned 0.06% of abrdn Physical Silver Shares ETF worth $3,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SIVR. Royal Bank of Canada boosted its position in shares of abrdn Physical Silver Shares ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock valued at $5,857,000 after acquiring an additional 3,465 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in abrdn Physical Silver Shares ETF by 268.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,822 shares of the company’s stock worth $132,000 after acquiring an additional 2,786 shares during the period. Baird Financial Group Inc. lifted its stake in abrdn Physical Silver Shares ETF by 2.2% in the 2nd quarter. Baird Financial Group Inc. now owns 30,318 shares of the company’s stock worth $1,043,000 after purchasing an additional 660 shares in the last quarter. Cerity Partners LLC boosted its holdings in abrdn Physical Silver Shares ETF by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 19,855 shares of the company’s stock valued at $683,000 after purchasing an additional 1,462 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in abrdn Physical Silver Shares ETF by 9.0% in the 2nd quarter. NewEdge Advisors LLC now owns 124,311 shares of the company’s stock valued at $4,278,000 after purchasing an additional 10,228 shares during the period.

abrdn Physical Silver Shares ETF Stock Performance

SIVR opened at $56.22 on Wednesday. The company has a fifty day moving average price of $68.86 and a 200-day moving average price of $73.66. abrdn Physical Silver Shares ETF has a one year low of $34.32 and a one year high of $115.26.

abrdn Physical Silver Shares ETF 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.