Envestnet Asset Management Inc. Has $11.23 Million Stock Holdings in abrdn Physical Silver Shares ETF $SIVR

Envestnet Asset Management Inc. boosted its position in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 22.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 252,472 shares of the company’s stock after buying an additional 46,966 shares during the quarter. Envestnet Asset Management Inc.’s holdings in abrdn Physical Silver Shares ETF were worth $11,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SIVR. Wilmington Savings Fund Society FSB increased its position 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 valued at $25,000 after purchasing an additional 393 shares during the period. Stone House Investment Management LLC acquired a new stake in abrdn Physical Silver Shares ETF during the second quarter worth $28,000. CoreFirst Bank & Trust acquired a new stake in abrdn Physical Silver Shares ETF during the second quarter worth $48,000. AdvisorNet Financial Inc increased its holdings in abrdn Physical Silver Shares ETF by 48.1% in 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 period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of abrdn Physical Silver Shares ETF by 268.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,822 shares of the company’s stock valued at $132,000 after buying an additional 2,786 shares in the last quarter.

abrdn Physical Silver Shares ETF Stock Down 4.8%

NYSEARCA:SIVR opened at $69.70 on Wednesday. The company has a 50-day moving average of $77.00 and a 200-day moving average of $55.72. abrdn Physical Silver Shares ETF has a 52 week low of $27.86 and a 52 week high of $115.26.

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.