Freedom Investment Management Inc. Takes $306,000 Position in abrdn Physical Silver Shares ETF $SIVR

Freedom Investment Management Inc. bought a new stake in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) during the 1st quarter, Holdings Channel reports. The firm bought 9,419 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Wealth Alliance LLC grew its position in shares of abrdn Physical Silver Shares ETF by 47.6% in the first quarter. Capital Wealth Alliance LLC now owns 11,009 shares of the company’s stock valued at $358,000 after purchasing an additional 3,552 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of abrdn Physical Silver Shares ETF by 35.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 500,000 shares of the company’s stock valued at $16,384,000 after purchasing an additional 130,000 shares during the last quarter. JT Stratford LLC bought a new stake in shares of abrdn Physical Silver Shares ETF in the first quarter valued at approximately $219,000. SouthState Corp bought a new stake in shares of abrdn Physical Silver Shares ETF in the first quarter valued at approximately $33,000. Finally, Total Investment Management Inc. bought a new stake in shares of abrdn Physical Silver Shares ETF in the first quarter valued at approximately $212,000.

abrdn Physical Silver Shares ETF Trading Down 0.1%

Shares of SIVR stock opened at $36.70 on Thursday. The stock has a 50 day simple moving average of $35.81 and a 200 day simple moving average of $32.99. abrdn Physical Silver Shares ETF has a 1 year low of $26.46 and a 1 year high of $37.67.

About abrdn 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.