abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Sets New 52-Week High – Should You Buy?

by · The Markets Daily

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $75.42 and last traded at $76.3870, with a volume of 324667 shares changing hands. The stock had previously closed at $72.51.

abrdn Physical Silver Shares ETF Stock Performance

The firm’s 50 day moving average price is $55.87 and its 200-day moving average price is $45.19.

Institutional Trading of abrdn Physical Silver Shares ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of abrdn Physical Silver Shares ETF by 243.1% during 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 last quarter. Bank of America Corp DE boosted its stake in shares of abrdn Physical Silver Shares ETF by 55.1% in the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock worth $72,374,000 after acquiring an additional 578,217 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of abrdn Physical Silver Shares ETF by 250.9% in the second quarter. Quadrature Capital Ltd now owns 506,714 shares of the company’s stock worth $17,431,000 after acquiring an additional 362,296 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF during the second quarter worth approximately $12,149,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in abrdn Physical Silver Shares ETF in the 3rd quarter valued at $11,193,000.

About abrdn Physical Silver Shares ETF

(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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