Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Up to $27.22

Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) gapped up before the market opened on Friday . The stock had previously closed at $27.22, but opened at $28.05. Aberdeen Standard Physical Silver Shares ETF shares last traded at $28.25, with a volume of 538,487 shares trading hands.

Aberdeen Standard Physical Silver Shares ETF Stock Down 1.5 %

The company has a fifty day moving average price of $23.33 and a 200-day moving average price of $22.57.

Institutional Investors Weigh In On Aberdeen Standard Physical Silver Shares ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of Aberdeen Standard Physical Silver Shares ETF by 39.2% in the 1st quarter. Raymond James & Associates now owns 44,057 shares of the company’s stock valued at $1,051,000 after purchasing an additional 12,402 shares during the period. Bank of New York Mellon Corp purchased a new position in Aberdeen Standard Physical Silver Shares ETF in the first quarter valued at $290,000. Private Advisor Group LLC acquired a new position in shares of Aberdeen Standard Physical Silver Shares ETF in the first quarter worth about $213,000. Bank of Montreal Can purchased a new stake in shares of Aberdeen Standard Physical Silver Shares ETF during the 1st quarter worth about $391,000. Finally, Cetera Investment Advisers boosted its stake in shares of Aberdeen Standard Physical Silver Shares ETF by 12.5% during the 1st quarter. Cetera Investment Advisers now owns 47,680 shares of the company’s stock worth $1,137,000 after acquiring an additional 5,310 shares in the last quarter.

About Aberdeen Standard 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.