abrdn Physical Silver Shares ETF $SIVR is FLP Wealth Management LLC’s 6th Largest Position

FLP Wealth Management LLC trimmed its stake in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) by 49.2% during the 1st quarter, Holdings Channel reports. The firm owned 25,199 shares of the company’s stock after selling 24,391 shares during the quarter. abrdn Physical Silver Shares ETF comprises approximately 3.0% of FLP Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. FLP Wealth Management LLC’s holdings in abrdn Physical Silver Shares ETF were worth $1,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada grew its stake in abrdn Physical Silver Shares ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 180,144 shares of the company’s stock worth $5,857,000 after buying an additional 3,465 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of abrdn Physical Silver Shares ETF by 268.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,822 shares of the company’s stock worth $132,000 after buying an additional 2,786 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of abrdn Physical Silver Shares ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 30,318 shares of the company’s stock valued at $1,043,000 after buying an additional 660 shares in the last quarter. Cerity Partners LLC raised its position in shares of abrdn Physical Silver Shares ETF by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 19,855 shares of the company’s stock valued at $683,000 after buying an additional 1,462 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of abrdn Physical Silver Shares ETF by 9.0% during the 2nd quarter. NewEdge Advisors LLC now owns 124,311 shares of the company’s stock valued at $4,278,000 after buying an additional 10,228 shares in the last quarter.

abrdn Physical Silver Shares ETF Price Performance

NYSEARCA SIVR opened at $57.82 on Monday. abrdn Physical Silver Shares ETF has a 52-week low of $34.58 and a 52-week high of $115.26. The company has a fifty day moving average of $67.86 and a 200-day moving average of $73.60.

abrdn Physical Silver Shares ETF 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.