abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Sets New 52-Week High – Still a Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $81.27 and last traded at $81.1940, with a volume of 1340696 shares traded. The stock had previously closed at $75.99.

abrdn Physical Silver Shares ETF Trading Up 1.8%

The company has a fifty day simple moving average of $59.69 and a two-hundred day simple moving average of $47.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SIVR. Tradewinds Capital Management LLC boosted its position in abrdn Physical Silver Shares ETF by 65,521.7% during the fourth quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after purchasing an additional 695,185 shares during the period. CoreCap Advisors LLC raised its position in shares of abrdn Physical Silver Shares ETF by 150.9% in the fourth quarter. CoreCap Advisors LLC now owns 5,578 shares of the company’s stock valued at $377,000 after purchasing an additional 3,355 shares during the period. Sharkey Howes & Javer lifted its stake in shares of abrdn Physical Silver Shares ETF by 40.4% in the fourth quarter. Sharkey Howes & Javer now owns 12,460 shares of the company’s stock worth $843,000 after buying an additional 3,587 shares during the last quarter. Mather Group LLC. lifted its stake in shares of abrdn Physical Silver Shares ETF by 17.6% in the fourth quarter. Mather Group LLC. now owns 9,630 shares of the company’s stock worth $651,000 after buying an additional 1,438 shares during the last quarter. Finally, Kelly Financial Services LLC bought a new stake in shares of abrdn Physical Silver Shares ETF during the 4th quarter worth $288,000.

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.