abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Hits New 1-Year High – Time to Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) hit a new 52-week high during trading on Friday . The stock traded as high as $52.37 and last traded at $52.43, with a volume of 118051 shares traded. The stock had previously closed at $50.79.

abrdn Physical Silver Shares ETF Trading Up 5.7%

The business has a fifty day moving average price of $47.01 and a 200 day moving average price of $39.61.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Several large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB increased its holdings in shares of abrdn Physical Silver Shares ETF by 245.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 393 shares during the period. Stone House Investment Management LLC acquired a new stake in abrdn Physical Silver Shares ETF during the second quarter worth about $28,000. SouthState Corp bought a new position in abrdn Physical Silver Shares ETF during the first quarter valued at about $33,000. CoreFirst Bank & Trust bought a new position in abrdn Physical Silver Shares ETF during the second quarter valued at about $48,000. Finally, AdvisorNet Financial Inc raised its holdings in abrdn Physical Silver Shares ETF by 48.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after acquiring an additional 386 shares in the last quarter.

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.