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

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $76.10, but opened at $83.03. abrdn Physical Silver Shares ETF shares last traded at $83.8290, with a volume of 1,619,751 shares traded.

More abrdn Physical Silver Shares ETF News

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Up 7.5%

The firm’s fifty day simple moving average is $72.24 and its 200 day simple moving average is $52.68.

Institutional Investors Weigh In On abrdn Physical Silver Shares ETF

A number of institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB boosted its holdings in shares of abrdn Physical Silver Shares ETF by 245.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 393 shares during the period. Stone House Investment Management LLC acquired a new position in abrdn Physical Silver Shares ETF in the 2nd quarter worth about $28,000. AdvisorNet Financial Inc lifted its holdings in shares of 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 valued at $53,000 after buying an additional 386 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of abrdn Physical Silver Shares ETF during the 2nd quarter valued at $48,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of abrdn Physical Silver Shares ETF during the 4th quarter worth about $118,000.

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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