abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Stock Price Up 0.2% – Here’s Why

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s stock price shot up 0.2% on Monday . The company traded as high as $63.50 and last traded at $63.25. 1,141,684 shares changed hands during trading, a decline of 59% from the average daily volume of 2,809,153 shares. The stock had previously closed at $63.13.

abrdn Physical Silver Shares ETF Trading Down 3.7%

The stock’s 50-day simple moving average is $58.44 and its 200 day simple moving average is $67.61.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in abrdn Physical Silver Shares ETF by 7.2% during the first quarter. NewEdge Advisors LLC now owns 161,133 shares of the company’s stock worth $11,539,000 after acquiring an additional 10,845 shares in the last quarter. Guardian Point Capital LP grew its stake in shares of abrdn Physical Silver Shares ETF by 58.3% in the 4th quarter. Guardian Point Capital LP now owns 475,000 shares of the company’s stock valued at $32,129,000 after buying an additional 175,000 shares during the period. Rare Wolf Capital LLC acquired a new position in abrdn Physical Silver Shares ETF during the 4th quarter worth approximately $778,000. Private Advisor Group LLC raised its position in shares of abrdn Physical Silver Shares ETF by 28.7% during the first quarter. Private Advisor Group LLC now owns 65,855 shares of the company’s stock worth $4,716,000 after purchasing an additional 14,672 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of abrdn Physical Silver Shares ETF by 175.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 91,873 shares of the company’s stock valued at $6,214,000 after buying an additional 58,576 shares during 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.