SMART Wealth LLC Lowers Position in abrdn Physical Silver Shares ETF $SIVR

SMART Wealth LLC lessened its holdings in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 36.5% in the first quarter, HoldingsChannel.com reports. The fund owned 43,359 shares of the company’s stock after selling 24,881 shares during the period. SMART Wealth LLC’s holdings in abrdn Physical Silver Shares ETF were worth $3,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its stake in abrdn Physical Silver Shares ETF by 55.1% in the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock valued at $72,374,000 after purchasing an additional 578,217 shares in the last quarter. LPL Financial LLC lifted its position in abrdn Physical Silver Shares ETF by 22.5% during the fourth quarter. LPL Financial LLC now owns 1,209,495 shares of the company’s stock valued at $81,810,000 after purchasing an additional 221,859 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in abrdn Physical Silver Shares ETF by 76.7% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,060,062 shares of the company’s stock worth $73,083,000 after buying an additional 460,062 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in abrdn Physical Silver Shares ETF by 65,521.7% in the 4th quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after buying an additional 695,185 shares in the last quarter. Finally, Guardian Point Capital LP grew its stake in abrdn Physical Silver Shares ETF by 58.3% in the 4th quarter. Guardian Point Capital LP now owns 475,000 shares of the company’s stock worth $32,129,000 after buying an additional 175,000 shares in the last quarter.

abrdn Physical Silver Shares ETF Price Performance

Shares of NYSEARCA:SIVR opened at $56.22 on Wednesday. The company’s fifty day moving average price is $68.86 and its 200-day moving average price is $73.66. abrdn Physical Silver Shares ETF has a one year low of $34.32 and a one year high of $115.26.

abrdn Physical Silver Shares ETF 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.