8,996 Shares in Global X Silver Miners ETF $SIL Bought by Independent Financial Group LLC

Independent Financial Group LLC purchased a new stake in Global X Silver Miners ETF (NYSEARCA:SIL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,996 shares of the company’s stock, valued at approximately $810,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SIL. Royal Bank of Canada grew its holdings 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 purchasing an additional 180,917 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Global X Silver Miners ETF by 120.6% in the 1st quarter. NewEdge Advisors LLC now owns 14,781 shares of the company’s stock valued at $583,000 after purchasing an additional 8,082 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Global X Silver Miners ETF by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 21,401 shares of the company’s stock valued at $1,030,000 after purchasing an additional 368 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Global X Silver Miners ETF by 91.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 99,770 shares of the company’s stock valued at $4,803,000 after purchasing an additional 47,701 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Global X Silver Miners ETF by 21.8% in the 2nd quarter. Raymond James Financial Inc. now owns 82,030 shares of the company’s stock valued at $3,949,000 after purchasing an additional 14,676 shares during the period.

Global X Silver Miners ETF Stock Up 5.8%

NYSEARCA:SIL opened at $75.53 on Wednesday. The stock’s 50 day moving average price is $82.70 and its 200 day moving average price is $92.17. The company has a market capitalization of $4.09 billion, a PE ratio of 32.07 and a beta of 0.83. Global X Silver Miners ETF has a 52-week low of $47.09 and a 52-week high of $119.24.

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.