Royal Bank of Canada Cuts Holdings in abrdn Physical Silver Shares ETF $SIVR

Royal Bank of Canada decreased its stake in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,523 shares of the company’s stock after selling 24,736 shares during the period. Royal Bank of Canada owned about 0.26% of abrdn Physical Silver Shares ETF worth $13,500,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in abrdn Physical Silver Shares ETF by 268.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,822 shares of the company’s stock valued at $132,000 after purchasing an additional 2,786 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of abrdn Physical Silver Shares ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 30,318 shares of the company’s stock valued at $1,043,000 after purchasing an additional 660 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of abrdn Physical Silver Shares ETF by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 19,855 shares of the company’s stock valued at $683,000 after buying an additional 1,462 shares in the last quarter. NewEdge Advisors LLC lifted its position in abrdn Physical Silver Shares ETF by 9.0% in the 2nd quarter. NewEdge Advisors LLC now owns 124,311 shares of the company’s stock worth $4,278,000 after buying an additional 10,228 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in abrdn Physical Silver Shares ETF by 16.9% in the second quarter. Transamerica Financial Advisors LLC now owns 27,052 shares of the company’s stock worth $931,000 after buying an additional 3,913 shares in the last quarter.

abrdn Physical Silver Shares ETF Trading Up 3.0%

Shares of NYSEARCA SIVR opened at $60.46 on Friday. abrdn Physical Silver Shares ETF has a one year low of $35.51 and a one year high of $115.26. The firm’s 50 day simple moving average is $59.06 and its two-hundred day simple moving average is $70.70.

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.