abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Stock Price Down 6.2% – Here’s Why

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report) shares dropped 6.2% on Monday . The company traded as low as $73.17 and last traded at $74.30. Approximately 4,650,418 shares traded hands during trading, a decline of 39% from the average daily volume of 7,622,610 shares. The stock had previously closed at $79.20.

Key Stories Impacting abrdn Physical Silver Shares ETF

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Price Performance

The business’s 50 day simple moving average is $73.52 and its 200 day simple moving average is $53.20.

Institutional Trading of abrdn Physical Silver Shares ETF

Several institutional investors and hedge funds have recently bought and sold shares of SIVR. Ashton Thomas Private Wealth LLC increased its holdings in shares of abrdn Physical Silver Shares ETF by 2.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,704 shares of the company’s stock worth $386,000 after acquiring an additional 150 shares during the last quarter. Leading Edge Financial Planning LLC boosted its position in abrdn Physical Silver Shares ETF by 4.7% during the fourth quarter. Leading Edge Financial Planning LLC now owns 5,023 shares of the company’s stock worth $340,000 after purchasing an additional 227 shares during the period. Comerica Bank increased its holdings in shares of abrdn Physical Silver Shares ETF by 9.6% in the fourth quarter. Comerica Bank now owns 2,640 shares of the company’s stock valued at $179,000 after purchasing an additional 231 shares during the last quarter. Braun Bostich & Associates Inc. increased its holdings in shares of abrdn Physical Silver Shares ETF by 1.2% in the fourth quarter. Braun Bostich & Associates Inc. now owns 20,271 shares of the company’s stock valued at $1,371,000 after purchasing an additional 248 shares during the last quarter. Finally, Blossom Wealth Management raised its position in shares of abrdn Physical Silver Shares ETF by 3.5% in the third quarter. Blossom Wealth Management now owns 7,450 shares of the company’s stock valued at $331,000 after purchasing an additional 250 shares during the period.

abrdn Physical Silver Shares ETF Company Profile

(Get Free Report)

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.

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