Global X Silver Miners ETF (NYSEARCA:SIL) Hits New 52-Week High – Still a Buy?

Global X Silver Miners ETF (NYSEARCA:SIL)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $94.57 and last traded at $93.78, with a volume of 874937 shares traded. The stock had previously closed at $89.77.

Global X Silver Miners ETF Stock Performance

The company has a market capitalization of $5.73 billion, a PE ratio of 32.07 and a beta of 0.71. The stock has a fifty day moving average of $77.10 and a 200 day moving average of $65.68.

Institutional Investors Weigh In On Global X Silver Miners ETF

Several large investors have recently made changes to their positions in SIL. Root Financial Partners LLC bought a new stake in shares of Global X Silver Miners ETF during the 3rd quarter worth approximately $27,000. Private Trust Co. NA lifted its position in shares of Global X Silver Miners ETF by 925.0% during the third quarter. Private Trust Co. NA now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 370 shares during the last quarter. Bogart Wealth LLC lifted its holdings in Global X Silver Miners ETF by 3,080.0% during the 2nd quarter. Bogart Wealth LLC now owns 636 shares of the company’s stock valued at $31,000 after buying an additional 616 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in Global X Silver Miners ETF by 661.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 457 shares of the company’s stock valued at $33,000 after buying an additional 397 shares during the period. Finally, Ameriflex Group Inc. grew its stake in Global X Silver Miners ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock worth $39,000 after acquiring an additional 269 shares in the last quarter.

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.