Ervin Investment Management LLC Invests $9.94 Million in abrdn Physical Silver Shares ETF $SIVR

Ervin Investment Management LLC purchased a new position in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 146,880 shares of the company’s stock, valued at approximately $9,935,000. abrdn Physical Silver Shares ETF comprises 4.5% of Ervin Investment Management LLC’s holdings, making the stock its 6th largest position. Ervin Investment Management LLC owned approximately 0.19% of abrdn Physical Silver Shares ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in abrdn Physical Silver Shares ETF by 243.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock worth $265,386,000 after purchasing an additional 4,227,392 shares during the period. Tradewinds Capital Management LLC raised its holdings in abrdn Physical Silver Shares ETF by 65,521.7% in the 4th quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after purchasing an additional 695,185 shares during the period. Bank of America Corp DE raised its holdings in abrdn Physical Silver Shares ETF by 55.1% in the 3rd quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock worth $72,374,000 after purchasing an additional 578,217 shares during the period. McIlrath & Eck LLC bought a new position in abrdn Physical Silver Shares ETF in the 2nd quarter worth $12,149,000. Finally, Elevation Point Wealth Partners LLC bought a new position in abrdn Physical Silver Shares ETF in the 3rd quarter worth $11,193,000.

abrdn Physical Silver Shares ETF Stock Down 0.2%

Shares of abrdn Physical Silver Shares ETF stock opened at $69.25 on Wednesday. abrdn Physical Silver Shares ETF has a one year low of $28.26 and a one year high of $115.26. The stock’s fifty day moving average is $76.89 and its 200 day moving average is $64.97.

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.