Magnolia Capital Advisors LLC Invests $226,000 in Global X Silver Miners ETF $SIL

Magnolia Capital Advisors LLC acquired a new position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,701 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of Global X Silver Miners ETF by 28.2% during the first quarter. LPL Financial LLC now owns 745,936 shares of the company’s stock worth $29,427,000 after buying an additional 164,158 shares during the period. PCG Wealth Advisors LLC lifted its stake in shares of Global X Silver Miners ETF by 4.8% during the first quarter. PCG Wealth Advisors LLC now owns 414,719 shares of the company’s stock worth $16,361,000 after buying an additional 18,833 shares during the period. Royal Bank of Canada lifted its stake in shares of Global X Silver Miners ETF by 620.3% during the first quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock worth $8,288,000 after buying an additional 180,917 shares during the period. Cetera Investment Advisers lifted its stake in shares of Global X Silver Miners ETF by 12.8% during the first quarter. Cetera Investment Advisers now owns 189,447 shares of the company’s stock worth $7,474,000 after buying an additional 21,522 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Global X Silver Miners ETF by 1.5% during the first quarter. Envestnet Asset Management Inc. now owns 124,517 shares of the company’s stock worth $4,912,000 after buying an additional 1,893 shares during the period.

Global X Silver Miners ETF Price Performance

Shares of Global X Silver Miners ETF stock opened at $62.20 on Wednesday. The firm has a fifty day moving average price of $67.30 and a 200 day moving average price of $54.17. Global X Silver Miners ETF has a 1 year low of $31.37 and a 1 year high of $80.72. The stock has a market cap of $3.25 billion, a PE ratio of 32.07 and a beta of 0.71.

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.