abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Hits New 12-Month High – Still a Buy?

by · The Markets Daily

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $62.94 and last traded at $62.5780, with a volume of 1048115 shares. The stock had previously closed at $60.61.

abrdn Physical Silver Shares ETF Stock Up 4.5%

The company has a 50 day simple moving average of $50.22 and a 200-day simple moving average of $41.86.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB increased its stake in abrdn Physical Silver Shares ETF by 245.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Stone House Investment Management LLC bought a new stake in abrdn Physical Silver Shares ETF in the 2nd quarter valued at about $28,000. CoreFirst Bank & Trust bought a new stake in abrdn Physical Silver Shares ETF in the 2nd quarter valued at about $48,000. AdvisorNet Financial Inc raised its stake 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 buying an additional 386 shares during the period. Finally, Trust Co. of Vermont bought a new position in abrdn Physical Silver Shares ETF in the second quarter worth approximately $56,000.

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.

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