Global X Silver Miners ETF (NYSEARCA:SIL) Reaches New 1-Year High – Should You Buy?

Global X Silver Miners ETF (NYSEARCA:SILGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $103.39 and last traded at $102.27, with a volume of 1654121 shares changing hands. The stock had previously closed at $98.35.

Global X Silver Miners ETF Trading Up 6.2%

The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71. The firm’s 50-day moving average is $82.27 and its 200 day moving average is $68.33.

Institutional Investors Weigh In On Global X Silver Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in SIL. Root Financial Partners LLC bought a new position in Global X Silver Miners ETF during the 3rd quarter worth approximately $27,000. Private Trust Co. NA boosted its position in shares of Global X Silver Miners ETF by 925.0% during the 3rd quarter. Private Trust Co. NA now owns 410 shares of the company’s stock valued at $29,000 after purchasing an additional 370 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in Global X Silver Miners ETF by 661.7% during the third quarter. Atlantic Union Bankshares Corp now owns 457 shares of the company’s stock worth $33,000 after purchasing an additional 397 shares during the period. Ameriflex Group Inc. lifted its stake in Global X Silver Miners ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock valued at $39,000 after buying an additional 269 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Global X Silver Miners ETF during the 3rd quarter worth approximately $44,000.

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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