Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Up to $28.24

Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) gapped up before the market opened on Wednesday . The stock had previously closed at $28.24, but opened at $28.99. Aberdeen Standard Physical Silver Shares ETF shares last traded at $29.10, with a volume of 56,756 shares changing hands.

Aberdeen Standard Physical Silver Shares ETF Price Performance

The business’s fifty day moving average is $27.98 and its two-hundred day moving average is $24.88.

Hedge Funds Weigh In On Aberdeen Standard Physical Silver Shares ETF

A number of institutional investors and hedge funds have recently modified their holdings of SIVR. Cetera Advisors LLC boosted its stake in shares of Aberdeen Standard Physical Silver Shares ETF by 75.8% during the 1st quarter. Cetera Advisors LLC now owns 20,670 shares of the company’s stock worth $492,000 after purchasing an additional 8,915 shares during the period. Cetera Investment Advisers raised its holdings in shares of Aberdeen Standard Physical Silver Shares ETF by 409.6% in the first quarter. Cetera Investment Advisers now owns 97,385 shares of the company’s stock worth $2,319,000 after buying an additional 78,274 shares during the period. Virtu Financial LLC bought a new stake in shares of Aberdeen Standard Physical Silver Shares ETF during the 1st quarter worth approximately $6,030,000. Kingsview Wealth Management LLC boosted its holdings in Aberdeen Standard Physical Silver Shares ETF by 17.4% during the 1st quarter. Kingsview Wealth Management LLC now owns 10,663 shares of the company’s stock valued at $254,000 after acquiring an additional 1,578 shares during the period. Finally, Sheets Smith Wealth Management grew its position in Aberdeen Standard Physical Silver Shares ETF by 18.4% in the 1st quarter. Sheets Smith Wealth Management now owns 25,726 shares of the company’s stock valued at $613,000 after acquiring an additional 4,000 shares during the last quarter.

About Aberdeen Standard Physical Silver Shares ETF

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.