Barometer Capital Management Inc. Lowers Stock Holdings in Global X Silver Miners ETF $SIL

Barometer Capital Management Inc. reduced its stake in Global X Silver Miners ETF (NYSEARCA:SIL) by 74.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the company’s stock after selling 20,700 shares during the period. Barometer Capital Management Inc.’s holdings in Global X Silver Miners ETF were worth $631,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Electrum Group LLC bought a new stake in shares of Global X Silver Miners ETF during the fourth quarter valued at approximately $28,565,000. Mainstay Capital Management LLC ADV grew its stake in Global X Silver Miners ETF by 1,440.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 309,140 shares of the company’s stock worth $25,819,000 after purchasing an additional 289,072 shares in the last quarter. Southeast Asset Advisors LLC bought a new position in Global X Silver Miners ETF in the fourth quarter worth approximately $20,645,000. BFI Infinity Ltd. increased its holdings in Global X Silver Miners ETF by 210.6% during the 4th quarter. BFI Infinity Ltd. now owns 119,423 shares of the company’s stock worth $9,980,000 after purchasing an additional 227,381 shares during the period. Finally, Group One Trading LLC increased its holdings in Global X Silver Miners ETF by 186.6% during the 4th quarter. Group One Trading LLC now owns 301,802 shares of the company’s stock worth $25,207,000 after purchasing an additional 196,492 shares during the period.

Global X Silver Miners ETF Stock Up 5.8%

Shares of NYSEARCA SIL opened at $75.53 on Wednesday. Global X Silver Miners ETF has a twelve month low of $47.09 and a twelve month high of $119.24. The firm has a market cap of $4.09 billion, a PE ratio of 32.07 and a beta of 0.83. The business has a fifty day simple moving average of $82.70 and a two-hundred day simple moving average of $92.17.

Global X Silver Miners ETF Profile

The Global X Silver Miners ETF (SIL) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of companies actively engaged in the silver mining industry. SIL was launched on Apr 19, 2010 and is managed by Global X.