Global X Silver Miners ETF (NYSEARCA:SIL) Hits New 1-Year High – Here’s Why

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) hit a new 52-week high during trading on Thursday . The company traded as high as $82.64 and last traded at $82.62, with a volume of 926775 shares trading hands. The stock had previously closed at $79.76.

Global X Silver Miners ETF Stock Up 4.0%

The business’s 50 day simple moving average is $70.69 and its 200 day simple moving average is $59.60. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC raised its stake in Global X Silver Miners ETF by 26.9% in the second quarter. AE Wealth Management LLC now owns 995 shares of the company’s stock valued at $48,000 after buying an additional 211 shares during the period. SBI Securities Co. Ltd. raised its stake in Global X Silver Miners ETF by 31.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 891 shares of the company’s stock valued at $43,000 after acquiring an additional 213 shares during the period. Aptus Capital Advisors LLC raised its stake in Global X Silver Miners ETF by 45.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares during the period. Creative Planning lifted its holdings in Global X Silver Miners ETF by 1.2% during the 2nd quarter. Creative Planning now owns 19,867 shares of the company’s stock valued at $956,000 after purchasing an additional 236 shares during the last quarter. Finally, Anson Capital Inc. boosted its position in Global X Silver Miners ETF by 3.8% during the second quarter. Anson Capital Inc. now owns 6,991 shares of the company’s stock worth $337,000 after purchasing an additional 255 shares during the period.

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.