abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Trading 5.6% Higher – Should You Buy?

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) shot up 5.6% on Friday . The company traded as high as $68.16 and last traded at $67.42. 1,098,696 shares were traded during trading, a decline of 79% from the average session volume of 5,164,845 shares. The stock had previously closed at $63.84.

abrdn Physical Silver Shares ETF Stock Up 4.0%

The stock has a 50 day simple moving average of $80.76 and a two-hundred day simple moving average of $63.00.

Institutional Trading of abrdn Physical Silver Shares ETF

Institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its stake in abrdn Physical Silver Shares ETF by 245.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 393 shares in the last quarter. Sankala Group LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF during the 4th quarter worth about $34,000. CoreFirst Bank & Trust purchased a new position in shares of abrdn Physical Silver Shares ETF in the 2nd quarter valued at $48,000. AdvisorNet Financial Inc boosted its position in shares of abrdn Physical Silver Shares ETF by 48.1% in the third quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock worth $53,000 after buying an additional 386 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in shares of abrdn Physical Silver Shares ETF in the fourth quarter valued at $53,000.

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.