abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Hits New 12-Month High – Here’s What Happened

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s share price hit a new 52-week high on Tuesday . The company traded as high as $90.53 and last traded at $90.2680, with a volume of 1745537 shares traded. The stock had previously closed at $85.05.

abrdn Physical Silver Shares ETF Price Performance

The business’s 50 day moving average is $62.90 and its 200-day moving average is $48.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SIVR. Braun Bostich & Associates Inc. boosted its stake in shares of abrdn Physical Silver Shares ETF by 1.2% in the 4th quarter. Braun Bostich & Associates Inc. now owns 20,271 shares of the company’s stock valued at $1,371,000 after purchasing an additional 248 shares in the last quarter. Blossom Wealth Management increased its position in abrdn Physical Silver Shares ETF by 3.5% during the 3rd quarter. Blossom Wealth Management now owns 7,450 shares of the company’s stock worth $331,000 after purchasing an additional 250 shares in the last quarter. JT Stratford LLC lifted its stake in abrdn Physical Silver Shares ETF by 4.3% in the 3rd quarter. JT Stratford LLC now owns 7,231 shares of the company’s stock valued at $322,000 after purchasing an additional 300 shares during the last quarter. AdvisorNet Financial Inc boosted its position in abrdn Physical Silver Shares ETF by 48.1% in the third quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after buying an additional 386 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in abrdn Physical Silver Shares ETF by 245.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 393 shares in 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.