Merit Financial Group LLC Raises Stake in abrdn Physical Silver Shares ETF $SIVR

Merit Financial Group LLC increased its stake in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,023 shares of the company’s stock after buying an additional 3,836 shares during the period. Merit Financial Group LLC owned 0.24% of abrdn Physical Silver Shares ETF worth $4,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its stake in abrdn Physical Silver Shares ETF by 60,555.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 448,848 shares of the company’s stock worth $14,592,000 after acquiring an additional 448,108 shares in the last quarter. Mission Creek Capital Partners Inc. grew its stake in abrdn Physical Silver Shares ETF by 444.4% in the first quarter. Mission Creek Capital Partners Inc. now owns 223,986 shares of the company’s stock worth $7,282,000 after purchasing an additional 182,840 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in abrdn Physical Silver Shares ETF by 35.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 500,000 shares of the company’s stock worth $16,384,000 after purchasing an additional 130,000 shares during the period. AMG National Trust Bank raised its position in abrdn Physical Silver Shares ETF by 17.6% during the 1st quarter. AMG National Trust Bank now owns 571,191 shares of the company’s stock valued at $18,569,000 after purchasing an additional 85,668 shares in the last quarter. Finally, Stableford Capital II LLC bought a new stake in abrdn Physical Silver Shares ETF during the 1st quarter valued at $2,047,000.

abrdn Physical Silver Shares ETF Price Performance

SIVR opened at $46.28 on Tuesday. abrdn Physical Silver Shares ETF has a 12-month low of $27.45 and a 12-month high of $46.48. The business’s fifty day simple moving average is $38.94 and its 200-day simple moving average is $34.99.

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.