abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Stock Position Reduced by Saxony Capital Management LLC

Saxony Capital Management LLC cut its stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 11.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,989 shares of the company’s stock after selling 885 shares during the period. Saxony Capital Management LLC’s holdings in abrdn Physical Silver Shares ETF were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in abrdn Physical Silver Shares ETF by 5.9% in the fourth quarter. Ameriprise Financial Inc. now owns 86,057 shares of the company’s stock worth $2,371,000 after acquiring an additional 4,758 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in abrdn Physical Silver Shares ETF in the fourth quarter worth approximately $73,000. Mercer Global Advisors Inc. ADV bought a new stake in abrdn Physical Silver Shares ETF in the fourth quarter worth approximately $275,000. Rockefeller Capital Management L.P. grew its position in abrdn Physical Silver Shares ETF by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 55,222 shares of the company’s stock worth $1,522,000 after acquiring an additional 7,110 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in abrdn Physical Silver Shares ETF by 31.0% in the fourth quarter. Captrust Financial Advisors now owns 11,231 shares of the company’s stock worth $310,000 after acquiring an additional 2,656 shares in the last quarter.

abrdn Physical Silver Shares ETF Price Performance

SIVR stock opened at $34.21 on Wednesday. abrdn Physical Silver Shares ETF has a 12 month low of $25.41 and a 12 month high of $35.52. The firm has a 50 day moving average of $32.34 and a two-hundred day moving average of $30.82.

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.