abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Trading Down 6% – What’s Next?

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) dropped 6% on Thursday . The stock traded as low as $66.71 and last traded at $67.30. Approximately 420,717 shares traded hands during trading, a decline of 92% from the average daily volume of 4,965,294 shares. The stock had previously closed at $71.57.

abrdn Physical Silver Shares ETF Stock Down 3.9%

The business’s 50 day moving average price is $79.33 and its 200-day moving average price is $63.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SIVR. Jones Financial Companies Lllp increased its holdings in shares of abrdn Physical Silver Shares ETF by 9.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 88,617 shares of the company’s stock valued at $3,894,000 after acquiring an additional 7,733 shares during the period. Braun Bostich & Associates Inc. purchased a new stake in shares of abrdn Physical Silver Shares ETF in the third quarter valued at about $891,000. Brookstone Capital Management acquired a new stake in shares of abrdn Physical Silver Shares ETF during the third quarter worth about $402,000. Eagle Strategies LLC purchased a new position in shares of abrdn Physical Silver Shares ETF during the third quarter worth about $394,000. Finally, 180 Wealth Advisors LLC increased its position in abrdn Physical Silver Shares ETF by 4.9% in the 3rd quarter. 180 Wealth Advisors LLC now owns 163,317 shares of the company’s stock valued at $7,264,000 after acquiring an additional 7,667 shares during the period.

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.