Waverly Advisors LLC Makes New Investment in abrdn Physical Silver Shares ETF $SIVR

Waverly Advisors LLC bought a new stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) during the 1st quarter, Holdings Channel reports. The fund bought 41,790 shares of the company’s stock, valued at approximately $2,993,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB lifted its stake in abrdn Physical Silver Shares ETF by 245.6% in 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 period. Kohmann Bosshard Financial Services LLC purchased a new position in abrdn Physical Silver Shares ETF during the 1st quarter valued at $27,000. Archer Investment Corp bought a new position in abrdn Physical Silver Shares ETF in the 1st quarter worth $28,000. Sankala Group LLC bought a new position in abrdn Physical Silver Shares ETF in the 4th quarter worth $34,000. Finally, FLP Wealth Management LLC lifted its position in shares of abrdn Physical Silver Shares ETF by 48.2% in the 1st quarter. FLP Wealth Management LLC now owns 501 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares during the period.

abrdn Physical Silver Shares ETF Stock Up 0.2%

Shares of SIVR opened at $54.43 on Thursday. abrdn Physical Silver Shares ETF has a 1-year low of $34.74 and a 1-year high of $115.26. The firm’s 50-day moving average price is $61.13 and its 200-day moving average price is $71.90.

abrdn Physical Silver Shares ETF 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.