Scarborough Advisors LLC Cuts Position in abrdn Physical Silver Shares ETF $SIVR

Scarborough Advisors LLC cut its position in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 98.6% during the first quarter, HoldingsChannel reports. The firm owned 691 shares of the company’s stock after selling 48,473 shares during the quarter. Scarborough Advisors LLC’s holdings in abrdn Physical Silver Shares ETF were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SIVR. Bank of America Corp DE raised its stake in abrdn Physical Silver Shares ETF by 55.1% in the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock valued at $72,374,000 after buying an additional 578,217 shares in the last quarter. LPL Financial LLC lifted its holdings in abrdn Physical Silver Shares ETF by 22.5% during the 4th quarter. LPL Financial LLC now owns 1,209,495 shares of the company’s stock worth $81,810,000 after buying an additional 221,859 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of abrdn Physical Silver Shares ETF by 76.7% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,060,062 shares of the company’s stock worth $73,083,000 after acquiring an additional 460,062 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of abrdn Physical Silver Shares ETF by 65,521.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after acquiring an additional 695,185 shares in the last quarter. Finally, Guardian Point Capital LP boosted its position in shares of abrdn Physical Silver Shares ETF by 58.3% during the 4th quarter. Guardian Point Capital LP now owns 475,000 shares of the company’s stock worth $32,129,000 after acquiring an additional 175,000 shares in the last quarter.

abrdn Physical Silver Shares ETF Trading Up 0.4%

Shares of abrdn Physical Silver Shares ETF stock opened at $53.59 on Tuesday. abrdn Physical Silver Shares ETF has a 52 week low of $34.74 and a 52 week high of $115.26. The firm’s 50 day moving average is $64.07 and its two-hundred day moving average is $72.71.

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.