Global X Silver Miners ETF (NYSEARCA:SIL) Sets New 1-Year High – Should You Buy?

Global X Silver Miners ETF (NYSEARCA:SIL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $89.47 and last traded at $89.29, with a volume of 598287 shares changing hands. The stock had previously closed at $84.73.

Global X Silver Miners ETF Trading Up 4.7%

The business’s fifty day simple moving average is $72.25 and its 200-day simple moving average is $61.61. The firm has a market cap of $4.86 billion, a P/E ratio of 32.07 and a beta of 0.71.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of large investors have recently made changes to their positions in SIL. Mainstay Capital Management LLC ADV bought a new position in shares of Global X Silver Miners ETF during the third quarter valued at approximately $1,438,000. Tudor Investment Corp ET AL bought a new stake in Global X Silver Miners ETF in the third quarter valued at $433,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Global X Silver Miners ETF in the 3rd quarter worth about $717,000. Sunbelt Securities Inc. boosted its stake in shares of Global X Silver Miners ETF by 4.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,491 shares of the company’s stock valued at $465,000 after purchasing an additional 280 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Global X Silver Miners ETF during the third quarter valued at about $150,000.

Global X Silver Miners ETF Company 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.