abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Up – Here’s What Happened

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $82.55, but opened at $87.53. abrdn Physical Silver Shares ETF shares last traded at $86.6450, with a volume of 1,833,501 shares traded.

abrdn Physical Silver Shares ETF Stock Performance

The company has a 50 day moving average of $61.39 and a 200-day moving average of $47.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in abrdn Physical Silver Shares ETF by 243.1% during the third quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock valued at $265,386,000 after purchasing an additional 4,227,392 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of 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 buying an additional 578,217 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of abrdn Physical Silver Shares ETF by 65,521.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock valued at $47,094,000 after buying an additional 695,185 shares in the last quarter. AMG National Trust Bank lifted its holdings in shares of abrdn Physical Silver Shares ETF by 6.5% during the 3rd quarter. AMG National Trust Bank now owns 627,337 shares of the company’s stock worth $27,904,000 after acquiring an additional 38,475 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in abrdn Physical Silver Shares ETF by 33.3% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 600,000 shares of the company’s stock worth $26,469,000 after acquiring an additional 150,000 shares in the last quarter.

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.