Sharpepoint LLC Takes Position in Global X Silver Miners ETF $SIL

Sharpepoint LLC bought a new stake in Global X Silver Miners ETF (NYSEARCA:SIL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42,670 shares of the company’s stock, valued at approximately $3,564,000. Global X Silver Miners ETF comprises approximately 2.1% of Sharpepoint LLC’s holdings, making the stock its 17th largest holding. Sharpepoint LLC owned 0.07% of Global X Silver Miners ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SIL. TD Waterhouse Canada Inc. raised its holdings in shares of Global X Silver Miners ETF by 133.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Ameriflex Group Inc. raised its holdings in shares of Global X Silver Miners ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock valued at $39,000 after buying an additional 269 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Global X Silver Miners ETF in the fourth quarter valued at about $44,000. Clearstead Advisors LLC purchased a new stake in shares of Global X Silver Miners ETF in the fourth quarter valued at about $44,000. Finally, Aptus Capital Advisors LLC raised its holdings in shares of Global X Silver Miners ETF by 45.3% in the third quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock valued at $52,000 after buying an additional 225 shares during the last quarter.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA:SIL opened at $74.26 on Thursday. The company has a 50-day simple moving average of $92.21 and a 200-day simple moving average of $92.49. Global X Silver Miners ETF has a one year low of $46.18 and a one year high of $119.24. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 32.07 and a beta of 0.79.

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.