Evelyn Partners Asset Management Ltd purchased a new position in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,711 shares of the company’s stock, valued at approximately $1,626,000.
Several other hedge funds have also recently added to or reduced their stakes in SIVR. Assetmark Inc. grew its holdings in shares of abrdn Physical Silver Shares ETF by 386.7% in the 4th quarter. Assetmark Inc. now owns 102,825 shares of the company’s stock worth $6,955,000 after acquiring an additional 81,696 shares during the last quarter. Seeds Investor LLC raised its position in shares of abrdn Physical Silver Shares ETF by 17.4% during the fourth quarter. Seeds Investor LLC now owns 77,994 shares of the company’s stock worth $5,276,000 after purchasing an additional 11,556 shares during the period. Ervin Investment Management LLC acquired a new stake in shares of abrdn Physical Silver Shares ETF during the fourth quarter worth $9,935,000. Cardinal Strategic Wealth Guidance purchased a new stake in shares of abrdn Physical Silver Shares ETF during the fourth quarter valued at $2,511,000. Finally, PFG Investments LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF during the fourth quarter valued at $639,000.
abrdn Physical Silver Shares ETF Trading Up 0.7%
NYSEARCA:SIVR opened at $55.64 on Tuesday. The stock has a fifty day simple moving average of $61.81 and a 200 day simple moving average of $72.18. abrdn Physical Silver Shares ETF has a 1-year low of $34.74 and a 1-year 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.
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