Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Sees Large Volume Increase – Here’s Why

Shares of Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) saw strong trading volume on Tuesday . 298,707 shares were traded during trading, a decline of 15% from the previous session’s volume of 352,825 shares.The stock last traded at $28.83 and had previously closed at $28.55.

Aberdeen Standard Physical Silver Shares ETF Stock Up 0.3 %

The company has a 50 day moving average of $29.21 and a 200-day moving average of $28.95.

Institutional Trading of Aberdeen Standard Physical Silver Shares ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Aberdeen Standard Physical Silver Shares ETF by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 180,221 shares of the company’s stock worth $5,362,000 after buying an additional 2,133 shares during the period. Copley Financial Group Inc. bought a new position in shares of Aberdeen Standard Physical Silver Shares ETF in the 3rd quarter worth approximately $2,115,000. MML Investors Services LLC lifted its stake in shares of Aberdeen Standard Physical Silver Shares ETF by 61.8% in the 3rd quarter. MML Investors Services LLC now owns 15,343 shares of the company’s stock valued at $456,000 after purchasing an additional 5,862 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Aberdeen Standard Physical Silver Shares ETF during the third quarter valued at approximately $11,404,000. Finally, Benjamin Edwards Inc. grew its stake in Aberdeen Standard Physical Silver Shares ETF by 2,924.9% in the third quarter. Benjamin Edwards Inc. now owns 310,140 shares of the company’s stock worth $9,226,000 after purchasing an additional 299,887 shares during the period.

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.