NewEdge Advisors LLC decreased its stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL – Free Report) by 56.8% during the 1st quarter, Holdings Channel reports. The firm owned 8,943 shares of the company’s stock after selling 11,767 shares during the period. NewEdge Advisors LLC’s holdings in Global X Silver Miners ETF were worth $806,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in SIL. Bank of Nova Scotia boosted its holdings in shares of Global X Silver Miners ETF by 307.5% in the 1st quarter. Bank of Nova Scotia now owns 1,203,736 shares of the company’s stock valued at $108,433,000 after buying an additional 908,336 shares during the last quarter. Electrum Group LLC acquired a new position in Global X Silver Miners ETF during the fourth quarter worth $28,565,000. Southeast Asset Advisors LLC bought a new stake in Global X Silver Miners ETF during the fourth quarter worth $20,645,000. Group One Trading LLC raised its position in Global X Silver Miners ETF by 186.6% during the fourth quarter. Group One Trading LLC now owns 301,802 shares of the company’s stock worth $25,207,000 after acquiring an additional 196,492 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Global X Silver Miners ETF by 620.3% in the first quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock valued at $8,288,000 after acquiring an additional 180,917 shares during the last quarter.
Global X Silver Miners ETF Stock Performance
Global X Silver Miners ETF stock opened at $95.87 on Thursday. Global X Silver Miners ETF has a 52 week low of $52.21 and a 52 week high of $119.24. The stock has a market capitalization of $5.15 billion, a P/E ratio of 32.07 and a beta of 0.84. The stock has a 50-day simple moving average of $80.19 and a 200 day simple moving average of $89.89.
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.
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