Fortis Capital Management LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,246 shares of the company’s stock, valued at approximately $734,000.
Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in 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 acquiring an additional 578,217 shares during the last quarter. LPL Financial LLC raised its stake in shares of abrdn Physical Silver Shares ETF by 22.5% during the fourth quarter. LPL Financial LLC now owns 1,209,495 shares of the company’s stock valued at $81,810,000 after acquiring an additional 221,859 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of abrdn Physical Silver Shares ETF by 76.7% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,060,062 shares of the company’s stock valued at $73,083,000 after acquiring an additional 460,062 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 65,521.7% during the fourth quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after purchasing an additional 695,185 shares during the period. Finally, Guardian Point Capital LP boosted its holdings in shares of abrdn Physical Silver Shares ETF by 58.3% during the fourth quarter. Guardian Point Capital LP now owns 475,000 shares of the company’s stock worth $32,129,000 after purchasing an additional 175,000 shares during the period.
abrdn Physical Silver Shares ETF Price Performance
NYSEARCA SIVR opened at $55.80 on Wednesday. abrdn Physical Silver Shares ETF has a 1 year low of $34.74 and a 1 year high of $115.26. The business’s 50-day moving average is $63.53 and its 200 day moving average is $72.63.
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. The sponsor of the Trust is ETF Securities USA LLC.
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