abrdn Physical Silver Shares ETF $SIVR Stock Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its position in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 34.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,351 shares of the company’s stock after selling 14,188 shares during the quarter. Sowell Financial Services LLC’s holdings in abrdn Physical Silver Shares ETF were worth $1,567,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in shares of 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 worth $16,297,000 after buying an additional 128,754 shares during the last quarter. Waverly Advisors LLC purchased a new stake in abrdn Physical Silver Shares ETF during the first quarter valued at approximately $2,993,000. Hegarty Advisors LLC purchased a new stake in abrdn Physical Silver Shares ETF during the first quarter valued at approximately $1,669,000. Castleview Partners LLC bought a new position in abrdn Physical Silver Shares ETF in the first quarter worth approximately $1,631,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in abrdn Physical Silver Shares ETF in the first quarter worth approximately $1,626,000.

abrdn Physical Silver Shares ETF Trading Down 5.7%

Shares of abrdn Physical Silver Shares ETF stock opened at $46.88 on Friday. abrdn Physical Silver Shares ETF has a 1-year low of $44.64 and a 1-year high of $115.26. The company’s fifty day simple moving average is $58.69 and its 200-day simple moving average is $67.64.

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.