abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Stock Price Up 7.7% – Here’s Why

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report) were up 7.7% on Friday . The stock traded as high as $79.66 and last traded at $80.3050. Approximately 2,822,571 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 6,631,830 shares. The stock had previously closed at $74.59.

More abrdn Physical Silver Shares ETF News

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

abrdn Physical Silver Shares ETF Trading Up 7.8%

The firm’s 50-day moving average price is $78.01 and its 200-day moving average price is $56.29.

Institutional Trading of abrdn Physical Silver Shares ETF

Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB lifted its position in shares of abrdn Physical Silver Shares ETF by 245.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after buying an additional 393 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF during the 4th quarter worth approximately $53,000. Stone House Investment Management LLC bought a new position in shares of abrdn Physical Silver Shares ETF during the 2nd quarter valued at approximately $28,000. Imprint Wealth LLC boosted its position in shares of abrdn Physical Silver Shares ETF by 66.9% during the 4th quarter. Imprint Wealth LLC now owns 871 shares of the company’s stock valued at $59,000 after acquiring an additional 349 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of abrdn Physical Silver Shares ETF by 110.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 882 shares of the company’s stock valued at $60,000 after purchasing an additional 462 shares in the last quarter.

About abrdn Physical Silver Shares ETF

(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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