abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Hits New 52-Week Low – Here’s What Happened

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) reached a new 52-week low during trading on Friday. The company traded as low as $46.35 and last traded at $46.4160, with a volume of 1,123,469 shares traded. The stock had previously closed at $47.47.

abrdn Physical Silver Shares ETF Price Performance

The business’s 50 day moving average is $55.95 and its 200 day moving average is $65.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SIVR. Turner Financial Group Inc. purchased a new position in abrdn Physical Silver Shares ETF in the second quarter worth approximately $594,000. NewEdge Advisors LLC raised its position in abrdn Physical Silver Shares ETF by 79.9% in the second quarter. NewEdge Advisors LLC now owns 289,887 shares of the company’s stock valued at $16,297,000 after purchasing an additional 128,754 shares during the period. IFP Advisors Inc raised its position in abrdn Physical Silver Shares ETF by 3,746.3% in the second quarter. IFP Advisors Inc now owns 9,808 shares of the company’s stock valued at $551,000 after purchasing an additional 9,553 shares during the period. Tactive Advisors LLC raised its position in abrdn Physical Silver Shares ETF by 40.5% in the third quarter. Tactive Advisors LLC now owns 32,870 shares of the company’s stock valued at $1,884,000 after purchasing an additional 9,475 shares during the period. Finally, Ethos Financial Group LLC lifted its stake in shares of abrdn Physical Silver Shares ETF by 186.1% in the 1st quarter. Ethos Financial Group LLC now owns 19,544 shares of the company’s stock valued at $1,394,000 after purchasing an additional 12,713 shares during the last quarter.

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.