abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Trading 5.4% Higher – Here’s What Happened

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report)’s share price shot up 5.4% during mid-day trading on Friday . The company traded as high as $89.00 and last traded at $89.0510. 1,280,815 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 6,207,601 shares. The stock had previously closed at $84.49.

Trending Headlines about abrdn Physical Silver Shares ETF

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Performance

The firm’s 50 day moving average price is $79.79 and its two-hundred day moving average price is $57.61.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of abrdn Physical Silver Shares ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock valued at $5,857,000 after buying an additional 3,465 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of abrdn Physical Silver Shares ETF by 33.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,506 shares of the company’s stock valued at $7,071,000 after acquiring an additional 51,942 shares during the period. IFG Advisory LLC increased its stake in shares of abrdn Physical Silver Shares ETF by 6.2% during the 2nd quarter. IFG Advisory LLC now owns 33,139 shares of the company’s stock worth $1,140,000 after purchasing an additional 1,932 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of abrdn Physical Silver Shares ETF by 3.1% in the 2nd quarter. AMG National Trust Bank now owns 588,862 shares of the company’s stock valued at $20,263,000 after purchasing an additional 17,671 shares during the period. Finally, Haven Private LLC acquired a new stake in abrdn Physical Silver Shares ETF in the 2nd quarter valued at about $360,000.

abrdn Physical Silver Shares ETF Company Profile

(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.

Featured Articles

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.