Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Hits New 12-Month High – Should You Buy?

Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) reached a new 52-week high during trading on Friday . The company traded as high as $31.40 and last traded at $31.34, with a volume of 553461 shares trading hands. The stock had previously closed at $30.62.

Aberdeen Standard Physical Silver Shares ETF Price Performance

The business has a 50-day moving average of $28.03 and a 200 day moving average of $27.62.

Institutional Investors Weigh In On Aberdeen Standard Physical Silver Shares ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Leo Wealth LLC bought a new position in Aberdeen Standard Physical Silver Shares ETF in the 4th quarter valued at $1,165,000. Geneos Wealth Management Inc. grew its stake in Aberdeen Standard Physical Silver Shares ETF by 86.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $89,000 after purchasing an additional 1,728 shares during the period. Avior Wealth Management LLC grew its stake in Aberdeen Standard Physical Silver Shares ETF by 33.8% in the 1st quarter. Avior Wealth Management LLC now owns 112,047 shares of the company’s stock valued at $2,668,000 after purchasing an additional 28,323 shares during the period. Mather Group LLC. bought a new position in Aberdeen Standard Physical Silver Shares ETF in the 1st quarter valued at $136,000. Finally, Cetera Investment Advisers grew its stake in Aberdeen Standard Physical Silver Shares ETF by 409.6% in the 1st quarter. Cetera Investment Advisers now owns 97,385 shares of the company’s stock valued at $2,319,000 after purchasing an additional 78,274 shares during the period.

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.