Janney Montgomery Scott LLC acquired a new stake in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,155 shares of the company’s stock, valued at approximately $212,000.
A number of other institutional investors also recently added to or reduced their stakes in SIVR. AMG National Trust Bank boosted its stake in shares of abrdn Physical Silver Shares ETF by 17.6% during the 1st quarter. AMG National Trust Bank now owns 571,191 shares of the company’s stock worth $18,569,000 after acquiring an additional 85,668 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of abrdn Physical Silver Shares ETF by 35.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 500,000 shares of the company’s stock valued at $16,384,000 after purchasing an additional 130,000 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 60,555.1% in the first quarter. Tradewinds Capital Management LLC now owns 448,848 shares of the company’s stock valued at $14,592,000 after purchasing an additional 448,108 shares during the period. Gradient Investments LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 7.4% in the second quarter. Gradient Investments LLC now owns 261,689 shares of the company’s stock valued at $9,005,000 after acquiring an additional 17,962 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its holdings in shares of abrdn Physical Silver Shares ETF by 444.4% in the first quarter. Mission Creek Capital Partners Inc. now owns 223,986 shares of the company’s stock valued at $7,282,000 after acquiring an additional 182,840 shares in the last quarter.
abrdn Physical Silver Shares ETF Stock Down 7.9%
abrdn Physical Silver Shares ETF stock opened at $46.02 on Wednesday. The company has a 50 day moving average price of $41.71 and a 200 day moving average price of $36.25. abrdn Physical Silver Shares ETF has a 52 week low of $27.45 and a 52 week high of $51.65.
About abrdn Physical Silver Shares ETF
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.
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