Pettinga Financial Advisors LLC Lowers Stake in Global X Silver Miners ETF $SIL

Pettinga Financial Advisors LLC lowered its position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 22.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,612 shares of the company’s stock after selling 2,500 shares during the period. Pettinga Financial Advisors LLC’s holdings in Global X Silver Miners ETF were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SIL. Blue Trust Inc. lifted its holdings in shares of Global X Silver Miners ETF by 1,608.0% in the first quarter. Blue Trust Inc. now owns 3,416 shares of the company’s stock worth $135,000 after buying an additional 3,216 shares in the last quarter. PFG Investments LLC raised its stake in Global X Silver Miners ETF by 38.3% during the first quarter. PFG Investments LLC now owns 11,379 shares of the company’s stock valued at $449,000 after purchasing an additional 3,149 shares in the last quarter. Spire Wealth Management increased its position in Global X Silver Miners ETF by 59.8% during the first quarter. Spire Wealth Management now owns 834 shares of the company’s stock valued at $33,000 after acquiring an additional 312 shares during the last quarter. DAVENPORT & Co LLC bought a new position in Global X Silver Miners ETF during the first quarter valued at $247,000. Finally, Capital Investment Advisory Services LLC bought a new position in Global X Silver Miners ETF during the first quarter valued at $99,000.

Global X Silver Miners ETF Stock Up 3.9%

SIL stock opened at $78.10 on Thursday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 32.07 and a beta of 0.98. Global X Silver Miners ETF has a twelve month low of $31.37 and a twelve month high of $78.82. The firm’s fifty day simple moving average is $63.27 and its two-hundred day simple moving average is $50.94.

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.