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

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $110.85, but opened at $93.78. abrdn Physical Silver Shares ETF shares last traded at $93.9650, with a volume of 2,923,446 shares trading hands.

Key Stories Impacting abrdn Physical Silver Shares ETF

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Down 28.6%

The stock has a 50 day moving average price of $71.70 and a 200-day moving average price of $52.28.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Several institutional investors have recently made changes to their positions in SIVR. Sigma Planning Corp boosted its holdings in shares of abrdn Physical Silver Shares ETF by 46.2% in the fourth quarter. Sigma Planning Corp now owns 10,238 shares of the company’s stock worth $693,000 after buying an additional 3,237 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in abrdn Physical Silver Shares ETF during the fourth quarter valued at approximately $118,000. Simplicity Wealth LLC raised its position in abrdn Physical Silver Shares ETF by 1.2% in the fourth quarter. Simplicity Wealth LLC now owns 55,907 shares of the company’s stock worth $3,782,000 after acquiring an additional 640 shares during the period. Pekin Hardy Strauss Inc. purchased a new position in shares of abrdn Physical Silver Shares ETF during the 4th quarter worth $726,000. Finally, Interchange Capital Partners LLC grew its position in shares of abrdn Physical Silver Shares ETF by 10.8% during the 4th quarter. Interchange Capital Partners LLC now owns 6,647 shares of the company’s stock valued at $450,000 after acquiring an additional 647 shares during the period.

abrdn Physical Silver Shares ETF Company Profile

(Get Free Report)

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.

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