abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Here’s What Happened

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $58.58, but opened at $55.66. abrdn Physical Silver Shares ETF shares last traded at $55.95, with a volume of 1,183,882 shares changing hands.

abrdn Physical Silver Shares ETF Stock Up 1.1%

The firm’s 50-day simple moving average is $70.06 and its 200-day simple moving average is $73.69.

Institutional Investors Weigh In On abrdn Physical Silver Shares ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB increased its stake in abrdn Physical Silver Shares ETF by 245.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 393 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of abrdn Physical Silver Shares ETF in the 1st quarter valued at $27,000. Archer Investment Corp bought a new stake in shares of abrdn Physical Silver Shares ETF in the 1st quarter worth about $28,000. Sankala Group LLC bought a new stake in shares of abrdn Physical Silver Shares ETF in the 4th quarter worth about $34,000. Finally, FLP Wealth Management LLC increased its position in shares of abrdn Physical Silver Shares ETF by 48.2% during the 1st quarter. FLP Wealth Management LLC now owns 501 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares in 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.