Gibbs Wealth Management bought a new stake in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,160 shares of the company’s stock, valued at approximately $656,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its stake in shares of abrdn Physical Silver Shares ETF by 245.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of abrdn Physical Silver Shares ETF in the first quarter valued at about $27,000. Archer Investment Corp acquired a new stake in shares of abrdn Physical Silver Shares ETF in the first quarter valued at about $28,000. Sankala Group LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF during the 4th quarter valued at about $34,000. Finally, FLP Wealth Management LLC raised its holdings in shares of abrdn Physical Silver Shares ETF by 48.2% during the 1st quarter. FLP Wealth Management LLC now owns 501 shares of the company’s stock valued at $36,000 after buying an additional 163 shares during the period.
abrdn Physical Silver Shares ETF Trading Up 1.0%
SIVR opened at $55.28 on Friday. The firm’s 50 day moving average is $62.16 and its 200-day moving average is $72.33. abrdn Physical Silver Shares ETF has a 52-week low of $34.74 and a 52-week high of $115.26.
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.
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