Summit Financial LLC Invests $2.63 Million in Global X Silver Miners ETF (NYSEARCA:SIL)

Summit Financial LLC bought a new stake in Global X Silver Miners ETF (NYSEARCA:SIL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 80,857 shares of the company’s stock, valued at approximately $2,630,000. Summit Financial LLC owned 0.24% of Global X Silver Miners ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SPC Financial Inc. lifted its stake in Global X Silver Miners ETF by 1.6% in the fourth quarter. SPC Financial Inc. now owns 19,406 shares of the company’s stock worth $617,000 after acquiring an additional 311 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Global X Silver Miners ETF by 24.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,622 shares of the company’s stock worth $52,000 after purchasing an additional 316 shares in the last quarter. Evoke Wealth LLC increased its holdings in Global X Silver Miners ETF by 2.9% in the fourth quarter. Evoke Wealth LLC now owns 13,681 shares of the company’s stock valued at $445,000 after buying an additional 385 shares during the last quarter. PFG Investments LLC raised its stake in Global X Silver Miners ETF by 5.1% in the fourth quarter. PFG Investments LLC now owns 8,230 shares of the company’s stock valued at $261,000 after buying an additional 400 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Global X Silver Miners ETF by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,963 shares of the company’s stock worth $1,047,000 after buying an additional 561 shares during the last quarter.

Global X Silver Miners ETF Stock Performance

SIL opened at $39.45 on Tuesday. The business’s 50-day simple moving average is $36.65 and its 200-day simple moving average is $36.19. The company has a market cap of $1.40 billion, a P/E ratio of 33.62 and a beta of 0.95. Global X Silver Miners ETF has a one year low of $27.56 and a one year high of $42.29.

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.