abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Hits New 12-Month Low – Here’s Why

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) shares hit a new 52-week low on Friday. The stock traded as low as $46.35 and last traded at $46.4160, with a volume of 1,123,469 shares trading hands. The stock had previously closed at $47.47.

abrdn Physical Silver Shares ETF Stock Down 2.3%

The company’s fifty day simple moving average is $55.95 and its 200-day simple moving average is $65.77.

Institutional Trading of abrdn Physical Silver Shares ETF

A number of institutional investors have recently made changes to their positions in SIVR. AMG National Trust Bank increased its position in abrdn Physical Silver Shares ETF by 0.3% during the 3rd quarter. AMG National Trust Bank now owns 366,848 shares of the company’s stock valued at $21,024,000 after buying an additional 1,207 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in abrdn Physical Silver Shares ETF by 79.9% in the second quarter. NewEdge Advisors LLC now owns 289,887 shares of the company’s stock worth $16,297,000 after acquiring an additional 128,754 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of abrdn Physical Silver Shares ETF by 10.5% during the third quarter. HighTower Advisors LLC now owns 252,126 shares of the company’s stock worth $14,449,000 after acquiring an additional 24,060 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of abrdn Physical Silver Shares ETF by 0.7% during the third quarter. 180 Wealth Advisors LLC now owns 154,648 shares of the company’s stock worth $8,863,000 after acquiring an additional 1,068 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of abrdn Physical Silver Shares ETF by 601.5% during the third quarter. New York Life Investment Management LLC now owns 139,657 shares of the company’s stock worth $8,004,000 after acquiring an additional 119,748 shares during the last quarter.

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.