Royal Bank of Canada Sells 24,736 Shares of abrdn Physical Silver Shares ETF $SIVR

Royal Bank of Canada cut its stake in shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 11.6% in the 1st quarter, HoldingsChannel reports. The fund owned 188,523 shares of the company’s stock after selling 24,736 shares during the quarter. Royal Bank of Canada’s holdings in abrdn Physical Silver Shares ETF were worth $13,500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evelyn Partners Asset Management Ltd purchased a new position in abrdn Physical Silver Shares ETF in the 1st quarter worth approximately $1,626,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of abrdn Physical Silver Shares ETF in the first quarter worth approximately $514,000. Gateway Wealth Partners LLC grew its holdings in shares of abrdn Physical Silver Shares ETF by 75.5% in the first quarter. Gateway Wealth Partners LLC now owns 11,598 shares of the company’s stock worth $831,000 after purchasing an additional 4,989 shares during the last quarter. Wealth Watch Advisors INC increased its stake in shares of abrdn Physical Silver Shares ETF by 6.9% in the first quarter. Wealth Watch Advisors INC now owns 49,012 shares of the company’s stock worth $3,510,000 after buying an additional 3,178 shares during the period. Finally, Waverly Advisors LLC purchased a new position in shares of abrdn Physical Silver Shares ETF in the first quarter worth $2,993,000.

abrdn Physical Silver Shares ETF Trading Up 3.0%

NYSEARCA:SIVR opened at $60.46 on Friday. The company has a fifty day moving average of $59.06 and a 200 day moving average of $70.70. abrdn Physical Silver Shares ETF has a 52 week low of $35.51 and a 52 week high of $115.26.

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.