abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Up – What’s Next?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) shares gapped up before the market opened on Friday . The stock had previously closed at $68.49, but opened at $71.24. abrdn Physical Silver Shares ETF shares last traded at $71.4140, with a volume of 933,993 shares trading hands.

abrdn Physical Silver Shares ETF Stock Performance

The business’s 50-day moving average price is $53.09 and its two-hundred day moving average price is $43.65.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its position in shares of 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 worth $25,000 after acquiring an additional 393 shares during the last quarter. Stone House Investment Management LLC bought a new position in abrdn Physical Silver Shares ETF in the second quarter valued at approximately $28,000. AdvisorNet Financial Inc grew its holdings in abrdn Physical Silver Shares ETF by 48.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock worth $53,000 after acquiring an additional 386 shares during the period. CoreFirst Bank & Trust acquired a new stake in abrdn Physical Silver Shares ETF during the 2nd quarter worth $48,000. Finally, Trust Co. of Vermont bought a new stake in shares of abrdn Physical Silver Shares ETF during the 2nd quarter valued at $56,000.

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.