Global X Silver Miners ETF (NYSEARCA:SIL) Reaches New 1-Year High – Here’s What Happened

Global X Silver Miners ETF (NYSEARCA:SILGet Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $118.58 and last traded at $117.92, with a volume of 1531147 shares traded. The stock had previously closed at $111.56.

Global X Silver Miners ETF Stock Up 1.7%

The stock has a market capitalization of $6.95 billion, a P/E ratio of 32.07 and a beta of 0.71. The stock’s 50 day moving average price is $83.92 and its 200-day moving average price is $69.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SIL. Meitav Investment House Ltd. lifted its stake in shares of Global X Silver Miners ETF by 87.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,220,000 shares of the company’s stock worth $87,151,000 after purchasing an additional 570,000 shares during the last quarter. Bank of Nova Scotia bought a new position in Global X Silver Miners ETF in the third quarter worth about $85,405,000. Ameriprise Financial Inc. lifted its position in shares of Global X Silver Miners ETF by 100.7% during the second quarter. Ameriprise Financial Inc. now owns 255,277 shares of the company’s stock valued at $12,476,000 after buying an additional 128,104 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Global X Silver Miners ETF by 255.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 234,515 shares of the company’s stock valued at $16,798,000 after buying an additional 168,555 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Global X Silver Miners ETF by 18.8% in the 3rd quarter. Citigroup Inc. now owns 215,353 shares of the company’s stock valued at $15,426,000 after buying an additional 34,072 shares in the last quarter.

Global X Silver Miners ETF Company Profile

(Get Free Report)

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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