abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Time to Sell?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) shares gapped down prior to trading on Thursday . The stock had previously closed at $68.49, but opened at $65.25. abrdn Physical Silver Shares ETF shares last traded at $65.36, with a volume of 591,932 shares changing hands.

abrdn Physical Silver Shares ETF Price Performance

The stock’s 50-day simple moving average is $80.39 and its 200 day simple moving average is $63.19.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Several large investors have recently made changes to their positions in SIVR. Royal Bank of Canada increased its holdings in abrdn Physical Silver Shares ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock valued at $5,857,000 after purchasing an additional 3,465 shares during the last quarter. Creative Planning lifted its stake in abrdn Physical Silver Shares ETF by 32.7% during the second quarter. Creative Planning now owns 16,462 shares of the company’s stock worth $566,000 after purchasing an additional 4,053 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of abrdn Physical Silver Shares ETF by 3,290.6% during the second quarter. JPMorgan Chase & Co. now owns 1,739,018 shares of the company’s stock worth $59,840,000 after buying an additional 1,687,728 shares during the period. CreativeOne Wealth LLC boosted its position in shares of abrdn Physical Silver Shares ETF by 14.1% during the second quarter. CreativeOne Wealth LLC now owns 14,566 shares of the company’s stock worth $501,000 after buying an additional 1,802 shares during the period. Finally, Laurel Wealth Advisors LLC grew its stake in shares of abrdn Physical Silver Shares ETF by 3,341.0% in the second quarter. Laurel Wealth Advisors LLC now owns 59,874 shares of the company’s stock valued at $2,060,000 after buying an additional 58,134 shares in the last quarter.

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.