abrdn Physical Silver Shares ETF
SIVR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1900 Market Street, Suite 200 Philadelphia PA United States of America 19103
- IPO Date
- Jul 24, 2009
- CIK
- 0001450922
- Website
- aberdeeninvestments.com
- Similar Companies
- Business
- abrdn Physical Silver Shares ETF (SIVR) is an exchange-traded fund that seeks to reflect the performance of the price of silver bullion, less the Trust's expenses. The Trust holds allocated physical silver bullion bars stored in a secure vault operated by custodian ICBC Standard Bank Plc in London, UK, with inspections conducted twice annually by Bureau Veritas Commodities UK Ltd; shares represent fractional undivided ownership interests in the Trust's silver holdings, enabling investors to gain exposure to spot silver prices via the NYSE Arca exchange without the complexities of futures contracts or direct physical ownership. Sponsored by abrdn ETFs Sponsor LLC, a Delaware limited liability company and wholly-owned subsidiary of abrdn Inc., the ETF tracks the LBMA Silver Price benchmark using a physically-backed replication method, with The Bank of New York Mellon serving as trustee and ALPS Distributors, Inc. as marketing agent. Launched on July 24, 2009 and headquartered in the United States through its sponsor, the ETF operates primarily in the commodities sector, targeting investors seeking diversification from equities with low correlation to the S&P 500; it features a total expense ratio of 0.30%, including a voluntary sponsor fee waiver of 0.15% in effect since inception and continuing until further notice. abrdn ETFs Sponsor LLC acquired the interests in the Trust from ETF Securities USA LLC effective October 1, 2018, followed by a sponsor name change from Aberdeen Standard Investments ETFs Sponsor LLC to abrdn ETFs Sponsor LLC on March 1, 2022, and a Trust name update from Aberdeen Standard Physical Silver Shares ETF prior to March 31, 2020.