abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Should You Sell?

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) gapped down prior to trading on Monday . The stock had previously closed at $74.66, but opened at $68.96. abrdn Physical Silver Shares ETF shares last traded at $68.6320, with a volume of 2,228,694 shares trading hands.

abrdn Physical Silver Shares ETF Trading Down 8.4%

The company has a fifty day moving average price of $53.09 and a two-hundred day moving average price of $43.72.

Institutional Trading of abrdn Physical Silver Shares ETF

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of abrdn Physical Silver Shares ETF by 243.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock worth $265,386,000 after acquiring an additional 4,227,392 shares during the period. Bank of America Corp DE raised its stake in abrdn Physical Silver Shares ETF by 55.1% during the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock worth $72,374,000 after purchasing an additional 578,217 shares during the period. Quadrature Capital Ltd raised its stake in abrdn Physical Silver Shares ETF by 250.9% during the second quarter. Quadrature Capital Ltd now owns 506,714 shares of the company’s stock worth $17,431,000 after purchasing an additional 362,296 shares during the period. McIlrath & Eck LLC acquired a new position in abrdn Physical Silver Shares ETF in the 2nd quarter valued at about $12,149,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of abrdn Physical Silver Shares ETF during the 3rd quarter valued at approximately $11,193,000.

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.