Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Volume Increase – Still a Buy?

by · The Markets Daily

Global X Silver Miners ETF (NYSEARCA:SIL – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 216,759 shares were traded during 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 company has a fifty day moving average price of $35.69 and a two-hundred day moving average price of $34.75. The company has a market capitalization of $1.11 billion, a P/E ratio of 25.53 and a beta of 0.95.

Institutional Trading of Global X Silver Miners ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in shares of Global X Silver Miners ETF by 140.7% in the 2nd quarter. Cetera Investment Advisers now owns 162,245 shares of the company’s stock worth $5,060,000 after acquiring an additional 94,834 shares in the last quarter. PCG Wealth Advisors LLC grew its stake in Global X Silver Miners ETF by 22.5% during the third quarter. PCG Wealth Advisors LLC now owns 371,859 shares of the company’s stock worth $13,049,000 after purchasing an additional 68,334 shares during the period. Envestnet Asset Management Inc. increased its holdings in Global X Silver Miners ETF by 21.7% in the second quarter. Envestnet Asset Management Inc. now owns 121,219 shares of the company’s stock worth $3,781,000 after purchasing an additional 21,639 shares in the last quarter. SPC Financial Inc. acquired a new position in Global X Silver Miners ETF in the second quarter valued at approximately $599,000. Finally, Creative Planning bought a new position in shares of Global X Silver Miners ETF during the 2nd quarter worth approximately $548,000.

About Global X Silver Miners ETF

(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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