abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Up – Still a Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $71.07, but opened at $74.84. abrdn Physical Silver Shares ETF shares last traded at $74.2960, with a volume of 839,083 shares.

abrdn Physical Silver Shares ETF News Roundup

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

abrdn Physical Silver Shares ETF Stock Performance

The firm’s 50-day moving average is $76.06 and its two-hundred day moving average is $54.68.

Institutional Trading of abrdn Physical Silver Shares ETF

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in abrdn Physical Silver Shares ETF by 245.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 393 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of abrdn Physical Silver Shares ETF in the second quarter valued at about $28,000. CoreFirst Bank & Trust purchased a new position in shares of abrdn Physical Silver Shares ETF in the second quarter worth about $48,000. AdvisorNet Financial Inc boosted its position in abrdn Physical Silver Shares ETF by 48.1% during the third quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock worth $53,000 after acquiring an additional 386 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in abrdn Physical Silver Shares ETF by 110.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 882 shares of the company’s stock valued at $60,000 after acquiring an additional 462 shares in the last quarter.

abrdn Physical Silver Shares ETF Company Profile

(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.

Further Reading

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