HighTower Advisors LLC Sells 126,894 Shares of abrdn Physical Silver Shares ETF $SIVR

HighTower Advisors LLC decreased its stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 418,252 shares of the company’s stock after selling 126,894 shares during the period. HighTower Advisors LLC owned about 0.55% of abrdn Physical Silver Shares ETF worth $28,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its position in abrdn Physical Silver Shares ETF by 245.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 393 shares during the period. Laurel Wealth Advisors LLC bought a new position in abrdn Physical Silver Shares ETF during the fourth quarter valued at approximately $118,000. Allworth Financial LP lifted its position in abrdn Physical Silver Shares ETF by 104.1% during the fourth quarter. Allworth Financial LP now owns 1,778 shares of the company’s stock valued at $120,000 after purchasing an additional 907 shares during the period. Comerica Bank lifted its position in abrdn Physical Silver Shares ETF by 37.5% during the third quarter. Comerica Bank now owns 2,409 shares of the company’s stock valued at $107,000 after purchasing an additional 657 shares during the period. Finally, Advisory Services Network LLC bought a new position in abrdn Physical Silver Shares ETF during the third quarter valued at approximately $112,000.

abrdn Physical Silver Shares ETF Stock Performance

Shares of abrdn Physical Silver Shares ETF stock opened at $71.82 on Friday. The company’s 50 day moving average is $72.47 and its 200 day moving average is $70.87. abrdn Physical Silver Shares ETF has a twelve month low of $31.24 and a twelve month high of $115.26.

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.