Janney Montgomery Scott LLC Reduces Position in abrdn Physical Silver Shares ETF $SIVR

Janney Montgomery Scott LLC reduced its holdings in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 33.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,672 shares of the company’s stock after selling 18,653 shares during the quarter. Janney Montgomery Scott LLC’s holdings in abrdn Physical Silver Shares ETF were worth $2,626,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC raised its position in shares of abrdn Physical Silver Shares ETF by 65,521.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock valued at $47,094,000 after acquiring an additional 695,185 shares in the last quarter. Bank of America Corp DE grew its position in shares of abrdn Physical Silver Shares ETF by 55.1% during the 3rd quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock valued at $72,374,000 after buying an additional 578,217 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in abrdn Physical Silver Shares ETF by 76.7% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,060,062 shares of the company’s stock worth $73,083,000 after acquiring an additional 460,062 shares during the period. Southeast Asset Advisors LLC bought a new position in abrdn Physical Silver Shares ETF in the fourth quarter worth about $29,916,000. Finally, McIlrath & Eck LLC bought a new position in shares of abrdn Physical Silver Shares ETF during the second quarter valued at approximately $12,149,000.

abrdn Physical Silver Shares ETF Stock Performance

abrdn Physical Silver Shares ETF stock opened at $55.52 on Thursday. The company has a 50-day simple moving average of $66.98 and a 200-day simple moving average of $73.50. abrdn Physical Silver Shares ETF has a one year low of $34.58 and a one year high of $115.26.

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.