abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – Should You Sell?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) gapped down prior to trading on Wednesday . The stock had previously closed at $58.58, but opened at $55.66. abrdn Physical Silver Shares ETF shares last traded at $55.95, with a volume of 1,183,882 shares.

abrdn Physical Silver Shares ETF Trading Down 4.7%

The business has a 50-day moving average price of $70.82 and a 200-day moving average price of $73.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB boosted its holdings in abrdn Physical Silver Shares ETF by 245.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 393 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of abrdn Physical Silver Shares ETF in the 1st quarter valued at approximately $27,000. Archer Investment Corp purchased a new position in shares of abrdn Physical Silver Shares ETF in the 1st quarter valued at approximately $28,000. Sankala Group LLC acquired a new stake in abrdn Physical Silver Shares ETF in the 4th quarter worth approximately $34,000. Finally, FLP Wealth Management LLC boosted its stake in abrdn Physical Silver Shares ETF by 48.2% in the 1st quarter. FLP Wealth Management LLC now owns 501 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares in the last quarter.

About abrdn 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. The sponsor of the Trust is ETF Securities USA LLC.