abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Here’s What Happened

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $72.17, but opened at $64.96. abrdn Physical Silver Shares ETF shares last traded at $66.07, with a volume of 1,840,557 shares trading hands.

Key abrdn Physical Silver Shares ETF News

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

abrdn Physical Silver Shares ETF Stock Down 6.3%

The company has a 50 day moving average price of $82.27 and a 200-day moving average price of $62.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB raised its position in shares of abrdn Physical Silver Shares ETF by 245.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 393 shares during the last quarter. Sankala Group LLC bought a new stake in abrdn Physical Silver Shares ETF in the fourth quarter valued at approximately $34,000. CoreFirst Bank & Trust acquired a new stake in abrdn Physical Silver Shares ETF during the 2nd quarter valued at approximately $48,000. AdvisorNet Financial Inc increased its position in abrdn Physical Silver Shares ETF by 48.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after purchasing an additional 386 shares during the period. Finally, Motiv8 Investments LLC bought a new position in abrdn Physical Silver Shares ETF during the 4th quarter worth approximately $53,000.

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.

Further Reading

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