Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Get Free Report) traded down 3% during trading on Wednesday. The stock traded as low as $56.37 and last traded at $56.60. Approximately 4,731,371 shares traded hands during trading, an increase of 79% from the average session volume of 2,645,519 shares. The stock had previously closed at $58.33.
abrdn Physical Silver Shares ETF Price Performance
The firm’s 50-day simple moving average is $61.03 and its two-hundred day simple moving average is $64.28.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Stableford Capital II LLC grew its position in shares of abrdn Physical Silver Shares ETF by 178.3% in the 3rd quarter. Stableford Capital II LLC now owns 31,882 shares of the company’s stock valued at $1,827,000 after purchasing an additional 20,425 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 3.9% in the third quarter. Farther Finance Advisors LLC now owns 34,836 shares of the company’s stock valued at $1,996,000 after buying an additional 1,319 shares during the period. Apeiron RIA LLC increased its position in shares of abrdn Physical Silver Shares ETF by 0.5% during the third quarter. Apeiron RIA LLC now owns 45,076 shares of the company’s stock worth $2,608,000 after acquiring an additional 216 shares in the last quarter. Tactive Advisors LLC lifted its position in abrdn Physical Silver Shares ETF by 40.5% in the 3rd quarter. Tactive Advisors LLC now owns 32,870 shares of the company’s stock valued at $1,884,000 after acquiring an additional 9,475 shares in the last quarter. Finally, City Center Advisors LLC boosted its stake in abrdn Physical Silver Shares ETF by 7.5% in the 3rd quarter. City Center Advisors LLC now owns 9,793 shares of the company’s stock worth $561,000 after purchasing an additional 679 shares during the period.
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.
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