Shares of Global X Silver Miners ETF (NYSEARCA:SIL – Get Free Report) saw strong trading volume on Tuesday . 216,759 shares traded hands during mid-day trading, a decline of 53% from the previous session’s volume of 465,296 shares.The stock last traded at $33.66 and had previously closed at $32.58.
Global X Silver Miners ETF Price Performance
The firm has a market capitalization of $1.11 billion, a P/E ratio of 25.53 and a beta of 0.95. The stock has a fifty day moving average of $36.00 and a 200 day moving average of $34.76.
Institutional Investors Weigh In On Global X Silver Miners ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Global X Silver Miners ETF by 260.4% during the 3rd quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after purchasing an additional 625 shares during the period. JPMorgan Chase & Co. increased its position in shares of Global X Silver Miners ETF by 97.6% during the third quarter. JPMorgan Chase & Co. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 645 shares during the period. Arlington Trust Co LLC purchased a new stake in shares of Global X Silver Miners ETF in the third quarter worth about $114,000. Franklin Resources Inc. boosted its position in shares of Global X Silver Miners ETF by 324.5% in the third quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock valued at $154,000 after acquiring an additional 3,245 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in Global X Silver Miners ETF by 51.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,955 shares of the company’s stock valued at $209,000 after purchasing an additional 2,022 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.
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