Simplicity Wealth LLC Makes New $1.04 Million Investment in abrdn Physical Silver Shares ETF $SIVR

Simplicity Wealth LLC bought a new stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) in the second quarter, Holdings Channel.com reports. The fund bought 30,304 shares of the company’s stock, valued at approximately $1,043,000.

A number of other hedge funds have also recently made changes to their positions in SIVR. Farther Finance Advisors LLC lifted its holdings in abrdn Physical Silver Shares ETF by 158.7% during the 1st quarter. Farther Finance Advisors LLC now owns 23,678 shares of the company’s stock valued at $760,000 after buying an additional 14,524 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of abrdn Physical Silver Shares ETF by 61.8% during the first quarter. Sowell Financial Services LLC now owns 129,640 shares of the company’s stock worth $4,215,000 after acquiring an additional 49,510 shares during the period. Avior Wealth Management LLC raised its stake in shares of abrdn Physical Silver Shares ETF by 3.7% during the first quarter. Avior Wealth Management LLC now owns 137,650 shares of the company’s stock valued at $4,475,000 after acquiring an additional 4,956 shares in the last quarter. Stableford Capital II LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF in the first quarter valued at approximately $2,047,000. Finally, Castleview Partners LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 4,117.4% in the first quarter. Castleview Partners LLC now owns 28,763 shares of the company’s stock valued at $935,000 after purchasing an additional 28,081 shares during the period.

abrdn Physical Silver Shares ETF Price Performance

Shares of NYSEARCA:SIVR opened at $46.28 on Tuesday. The business’s 50 day moving average is $38.94 and its 200 day moving average is $34.99. abrdn Physical Silver Shares ETF has a 52-week low of $27.45 and a 52-week high of $46.48.

About abrdn Physical Silver Shares ETF

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.