abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Down 3% – Should You Sell?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) traded down 3% during mid-day trading on Wednesday. The company traded as low as $56.37 and last traded at $56.60. 4,731,371 shares were traded during trading, an increase of 79% from the average session volume of 2,645,519 shares. The stock had previously closed at $58.33.

abrdn Physical Silver Shares ETF Trading Down 3.0%

The company’s 50-day moving average price is $61.03 and its 200 day moving average price is $64.34.

Institutional Investors Weigh In On abrdn Physical Silver Shares ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIVR. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in abrdn Physical Silver Shares ETF by 76.7% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,060,062 shares of the company’s stock valued at $73,083,000 after purchasing an additional 460,062 shares during the last quarter. Guardian Point Capital LP lifted its stake in abrdn Physical Silver Shares ETF by 58.3% during the fourth quarter. Guardian Point Capital LP now owns 475,000 shares of the company’s stock worth $32,129,000 after purchasing an additional 175,000 shares in the last quarter. Advocacy Wealth Management LLC boosted its position in shares of abrdn Physical Silver Shares ETF by 13.6% during the fourth quarter. Advocacy Wealth Management LLC now owns 242,213 shares of the company’s stock worth $16,383,000 after buying an additional 29,006 shares during the period. NewEdge Advisors LLC boosted its position in shares of abrdn Physical Silver Shares ETF by 79.9% during the second quarter. NewEdge Advisors LLC now owns 289,887 shares of the company’s stock worth $16,297,000 after buying an additional 128,754 shares during the period. Finally, Global Wealth Management LLC grew its stake in shares of abrdn Physical Silver Shares ETF by 1.0% in the first quarter. Global Wealth Management LLC now owns 77,041 shares of the company’s stock valued at $5,517,000 after buying an additional 750 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.