abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Sets New 1-Year High – What’s Next?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) shares hit a new 52-week high on Monday . The stock traded as high as $81.27 and last traded at $81.1940, with a volume of 1340696 shares. The stock had previously closed at $75.99.

abrdn Physical Silver Shares ETF Stock Up 6.6%

The stock has a 50 day moving average of $58.24 and a 200-day moving average of $46.34.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

A number of large investors have recently made changes to their positions in SIVR. Eagle Strategies LLC purchased a new position in abrdn Physical Silver Shares ETF in the third quarter worth $394,000. Brookstone Capital Management purchased a new stake in abrdn Physical Silver Shares ETF during the third quarter valued at about $402,000. 180 Wealth Advisors LLC lifted its stake in abrdn Physical Silver Shares ETF by 4.9% during the third quarter. 180 Wealth Advisors LLC now owns 163,317 shares of the company’s stock worth $7,264,000 after purchasing an additional 7,667 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of abrdn Physical Silver Shares ETF by 125.5% in the 2nd quarter. AE Wealth Management LLC now owns 16,899 shares of the company’s stock worth $581,000 after purchasing an additional 9,405 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of abrdn Physical Silver Shares ETF by 3,290.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,739,018 shares of the company’s stock valued at $59,840,000 after purchasing an additional 1,687,728 shares during the last quarter.

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.