abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Should You Sell?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $110.85, but opened at $93.78. abrdn Physical Silver Shares ETF shares last traded at $93.9650, with a volume of 2,923,446 shares traded.

abrdn Physical Silver Shares ETF Stock Performance

The company’s 50-day moving average price is $71.06 and its 200 day moving average price is $51.87.

Institutional Investors Weigh In On abrdn Physical Silver Shares ETF

Hedge funds have recently modified their holdings of the business. Comerica Bank increased its stake in shares of abrdn Physical Silver Shares ETF by 9.6% in the 4th quarter. Comerica Bank now owns 2,640 shares of the company’s stock worth $179,000 after purchasing an additional 231 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in abrdn Physical Silver Shares ETF by 2.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,704 shares of the company’s stock valued at $386,000 after purchasing an additional 150 shares during the period. Broadway Wealth Solutions Inc. purchased a new stake in abrdn Physical Silver Shares ETF in the fourth quarter worth about $223,000. Almanack Investment Partners LLC. bought a new position in shares of abrdn Physical Silver Shares ETF in the fourth quarter worth about $328,000. Finally, Bravias Capital Group LLC bought a new position in shares of abrdn Physical Silver Shares ETF in the fourth quarter worth about $296,000.

About abrdn Physical Silver Shares ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for abrdn Physical Silver Shares ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Physical Silver Shares ETF and related companies with MarketBeat.com's FREE daily email newsletter.