abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Up 0.2% – Time to Buy?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s stock price traded up 0.2% during trading on Monday . The stock traded as high as $63.50 and last traded at $63.25. Approximately 1,141,684 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 2,809,153 shares. The stock had previously closed at $63.13.

abrdn Physical Silver Shares ETF Stock Performance

The firm has a 50-day simple moving average of $58.40 and a two-hundred day simple moving average of $67.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SIVR. Corient Private Wealth LP raised its position in abrdn Physical Silver Shares ETF by 7.3% during the second quarter. Corient Private Wealth LP now owns 5,663 shares of the company’s stock valued at $318,000 after acquiring an additional 387 shares in the last quarter. Turner Financial Group Inc. purchased a new stake in abrdn Physical Silver Shares ETF in the 2nd quarter worth approximately $594,000. Copley Financial Group Inc. grew its stake in shares of abrdn Physical Silver Shares ETF by 54.5% during the 2nd quarter. Copley Financial Group Inc. now owns 30,100 shares of the company’s stock worth $1,692,000 after purchasing an additional 10,620 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of abrdn Physical Silver Shares ETF by 4.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 21,945 shares of the company’s stock worth $1,234,000 after purchasing an additional 871 shares during the period. Finally, Continuum Advisory LLC purchased a new position in shares of abrdn Physical Silver Shares ETF during the 2nd quarter valued at approximately $27,000.

abrdn Physical Silver Shares ETF Company Profile

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.