abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Stock Price Up 0.2% – Still a Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) shares were up 0.2% during mid-day trading on Monday . The stock traded as high as $63.50 and last traded at $63.25. 1,141,684 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 2,809,153 shares. The stock had previously closed at $63.13.

abrdn Physical Silver Shares ETF Stock Up 0.2%

The stock’s fifty day simple moving average is $58.40 and its 200 day simple moving average is $67.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SIVR. NewEdge Advisors LLC lifted its holdings in shares of abrdn Physical Silver Shares ETF by 7.2% during the first quarter. NewEdge Advisors LLC now owns 161,133 shares of the company’s stock worth $11,539,000 after purchasing an additional 10,845 shares during the period. Guardian Point Capital LP lifted its stake in abrdn Physical Silver Shares ETF by 58.3% during the 4th quarter. Guardian Point Capital LP now owns 475,000 shares of the company’s stock valued at $32,129,000 after acquiring an additional 175,000 shares during the period. Rare Wolf Capital LLC acquired a new stake in abrdn Physical Silver Shares ETF during the 4th quarter valued at approximately $778,000. Private Advisor Group LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 28.7% in the 1st quarter. Private Advisor Group LLC now owns 65,855 shares of the company’s stock valued at $4,716,000 after acquiring an additional 14,672 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of abrdn Physical Silver Shares ETF by 175.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 91,873 shares of the company’s stock valued at $6,214,000 after acquiring an additional 58,576 shares during the last quarter.

About abrdn Physical Silver Shares ETF

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.