abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Trading Down 4.3% – What’s Next?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report)’s share price fell 4.3% on Wednesday . The stock traded as low as $68.56 and last traded at $69.2620. 1,602,327 shares were traded during trading, an increase of 22% from the average session volume of 1,313,440 shares. The stock had previously closed at $72.40.

abrdn Physical Silver Shares ETF News Summary

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Performance

The company’s 50-day simple moving average is $54.00 and its 200 day simple moving average is $44.23.

Institutional Investors Weigh In On abrdn Physical Silver Shares ETF

Several large investors have recently made changes to their positions in SIVR. CreativeOne Wealth LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 23.5% in the 1st quarter. CreativeOne Wealth LLC now owns 12,764 shares of the company’s stock worth $415,000 after buying an additional 2,426 shares during the last quarter. Royal Bank of Canada grew its position in shares of abrdn Physical Silver Shares ETF by 2.0% during the 1st 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. NewEdge Advisors LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 11.7% during the 1st quarter. NewEdge Advisors LLC now owns 114,083 shares of the company’s stock worth $3,709,000 after purchasing an additional 11,982 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of abrdn Physical Silver Shares ETF by 48.3% in the 1st quarter. Jones Financial Companies Lllp now owns 84,008 shares of the company’s stock worth $2,731,000 after purchasing an additional 27,348 shares during the period. Finally, Hamilton Capital LLC lifted its stake in abrdn Physical Silver Shares ETF by 5.5% in the first quarter. Hamilton Capital LLC now owns 8,090 shares of the company’s stock valued at $263,000 after purchasing an additional 422 shares during the last quarter.

About abrdn Physical Silver Shares ETF

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for abrdn Physical Silver Shares ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Physical Silver Shares ETF and related companies with MarketBeat.com's FREE daily email newsletter.