Barometer Capital Management Inc. Reduces Position in Global X Silver Miners ETF $SIL

Barometer Capital Management Inc. trimmed its position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 74.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the company’s stock after selling 20,700 shares during the period. Barometer Capital Management Inc.’s holdings in Global X Silver Miners ETF were worth $631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in shares of Global X Silver Miners ETF by 204.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock valued at $27,000 after buying an additional 217 shares during the period. 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 worth $29,000 after buying an additional 200 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Global X Silver Miners ETF by 428.8% during the 1st quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock worth $36,000 after acquiring an additional 313 shares during the last quarter. Evelyn Partners Investment Management LLP bought a new stake in shares of Global X Silver Miners ETF during the 4th quarter worth approximately $32,000. Finally, EFG International AG purchased a new position in Global X Silver Miners ETF during the 4th quarter valued at $33,000.

Global X Silver Miners ETF Stock Up 5.8%

Shares of Global X Silver Miners ETF stock opened at $75.53 on Wednesday. The stock’s fifty day moving average is $82.70 and its two-hundred day moving average is $92.17. The company has a market capitalization of $4.09 billion, a PE ratio of 32.07 and a beta of 0.83. Global X Silver Miners ETF has a 52 week low of $47.09 and a 52 week high of $119.24.

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.