NewEdge Advisors LLC Acquires 10,845 Shares of abrdn Physical Silver Shares ETF $SIVR

NewEdge Advisors LLC grew its holdings in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 7.2% in the 1st quarter, HoldingsChannel reports. The firm owned 161,133 shares of the company’s stock after acquiring an additional 10,845 shares during the quarter. NewEdge Advisors LLC’s holdings in abrdn Physical Silver Shares ETF were worth $11,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SIVR. Royal Bank of Canada increased its holdings in abrdn Physical Silver Shares ETF by 2.0% during the first quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock worth $5,857,000 after buying an additional 3,465 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of abrdn Physical Silver Shares ETF by 268.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,822 shares of the company’s stock valued at $132,000 after acquiring an additional 2,786 shares during the period. Baird Financial Group Inc. grew its position in shares of abrdn Physical Silver Shares ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 30,318 shares of the company’s stock valued at $1,043,000 after acquiring an additional 660 shares during the period. Cerity Partners LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 19,855 shares of the company’s stock worth $683,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 16.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 27,052 shares of the company’s stock worth $931,000 after purchasing an additional 3,913 shares during the last quarter.

abrdn Physical Silver Shares ETF Price Performance

NYSEARCA:SIVR opened at $60.46 on Monday. The business has a fifty day simple moving average of $59.06 and a two-hundred day simple moving average of $70.60. abrdn Physical Silver Shares ETF has a 1 year low of $35.51 and a 1 year high of $115.26.

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.