Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down to $27.44

Shares of Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) gapped down before the market opened on Monday . The stock had previously closed at $27.44, but opened at $26.10. Aberdeen Standard Physical Silver Shares ETF shares last traded at $26.29, with a volume of 980,253 shares.

Aberdeen Standard Physical Silver Shares ETF Price Performance

The stock has a 50-day simple moving average of $24.09 and a 200-day simple moving average of $22.89.

Institutional Trading of Aberdeen Standard Physical Silver Shares ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SIVR. Capital Management Associates Inc bought a new stake in shares of Aberdeen Standard Physical Silver Shares ETF in the 4th quarter worth about $4,579,000. Confluence Investment Management LLC acquired a new position in Aberdeen Standard Physical Silver Shares ETF in the first quarter worth about $2,400,000. Avior Wealth Management LLC increased its holdings in Aberdeen Standard Physical Silver Shares ETF by 1,893.9% in the fourth quarter. Avior Wealth Management LLC now owns 83,724 shares of the company’s stock valued at $1,906,000 after buying an additional 79,525 shares during the last quarter. LPL Financial LLC lifted its holdings in Aberdeen Standard Physical Silver Shares ETF by 16.0% during the 3rd quarter. LPL Financial LLC now owns 519,377 shares of the company’s stock worth $11,042,000 after buying an additional 71,513 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Aberdeen Standard Physical Silver Shares ETF by 15.3% during the 4th quarter. Wells Fargo & Company MN now owns 501,943 shares of the company’s stock worth $11,429,000 after buying an additional 66,501 shares during the last quarter.

Aberdeen Standard 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.