UBS Group AG Trims Position in abrdn Physical Silver Shares ETF $SIVR

UBS Group AG lessened its holdings in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 8.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 738,110 shares of the company’s stock after selling 69,644 shares during the period. UBS Group AG’s holdings in abrdn Physical Silver Shares ETF were worth $49,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SIVR. Royal Bank of Canada raised its position in abrdn Physical Silver Shares ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock worth $5,857,000 after acquiring an additional 3,465 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of abrdn Physical Silver Shares ETF by 268.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,822 shares of the company’s stock valued at $132,000 after acquiring an additional 2,786 shares during the period. Baird Financial Group Inc. grew its position in shares of abrdn Physical Silver Shares ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 30,318 shares of the company’s stock valued at $1,043,000 after acquiring an additional 660 shares during the period. Cerity Partners LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 19,855 shares of the company’s stock worth $683,000 after purchasing an additional 1,462 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 9.0% in the 2nd quarter. NewEdge Advisors LLC now owns 124,311 shares of the company’s stock worth $4,278,000 after purchasing an additional 10,228 shares in the last quarter.

abrdn Physical Silver Shares ETF Stock Performance

Shares of SIVR opened at $73.69 on Thursday. The business has a 50-day simple moving average of $74.02 and a two-hundred day simple moving average of $68.54. abrdn Physical Silver Shares ETF has a 52 week low of $30.34 and a 52 week high of $115.26.

abrdn Physical Silver Shares ETF Company Profile

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.