abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Trading Down 4.3% – Should You Sell?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s share price fell 4.3% during mid-day trading on Wednesday . The stock traded as low as $68.56 and last traded at $69.2620. 1,602,327 shares changed hands during trading, an increase of 22% from the average session volume of 1,313,440 shares. The stock had previously closed at $72.40.

abrdn Physical Silver Shares ETF Stock Down 6.6%

The business’s fifty day moving average price is $54.86 and its 200 day moving average price is $44.55.

Institutional Trading of abrdn Physical Silver Shares ETF

A number of hedge funds have recently added to or reduced their stakes in SIVR. Royal Bank of Canada increased its holdings in shares of abrdn Physical Silver Shares ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock valued at $5,857,000 after purchasing an additional 3,465 shares during the period. NewEdge Advisors LLC grew its position in abrdn Physical Silver Shares ETF by 11.7% in the 1st quarter. NewEdge Advisors LLC now owns 114,083 shares of the company’s stock valued at $3,709,000 after buying an additional 11,982 shares during the last quarter. Jones Financial Companies Lllp grew its position in abrdn Physical Silver Shares ETF by 48.3% in the 1st quarter. Jones Financial Companies Lllp now owns 84,008 shares of the company’s stock valued at $2,731,000 after buying an additional 27,348 shares during the last quarter. Hamilton Capital LLC increased its stake in abrdn Physical Silver Shares ETF by 5.5% in the 1st quarter. Hamilton Capital LLC now owns 8,090 shares of the company’s stock valued at $263,000 after buying an additional 422 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in abrdn Physical Silver Shares ETF by 45.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,181 shares of the company’s stock worth $201,000 after buying an additional 1,922 shares during the last quarter.

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.