Purpose Unlimited Inc. Invests $3.40 Million in Global X Silver Miners ETF $SIL

Purpose Unlimited Inc. purchased a new stake in Global X Silver Miners ETF (NYSEARCA:SIL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,773 shares of the company’s stock, valued at approximately $3,405,000.

Several other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada increased its stake in Global X Silver Miners ETF by 620.3% during the 1st quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock worth $8,288,000 after acquiring an additional 180,917 shares during the period. NewEdge Advisors LLC lifted its position in shares of Global X Silver Miners ETF by 120.6% during the 1st quarter. NewEdge Advisors LLC now owns 14,781 shares of the company’s stock valued at $583,000 after acquiring an additional 8,082 shares during the period. Cerity Partners LLC grew its holdings in shares of Global X Silver Miners ETF by 1.7% during the 2nd quarter. Cerity Partners LLC now owns 21,401 shares of the company’s stock worth $1,030,000 after purchasing an additional 368 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Global X Silver Miners ETF by 91.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 99,770 shares of the company’s stock worth $4,803,000 after purchasing an additional 47,701 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Global X Silver Miners ETF by 21.8% during the 2nd quarter. Raymond James Financial Inc. now owns 82,030 shares of the company’s stock worth $3,949,000 after purchasing an additional 14,676 shares in the last quarter.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA SIL opened at $83.73 on Friday. The stock has a market capitalization of $5.01 billion, a P/E ratio of 32.07 and a beta of 0.79. The stock’s fifty day moving average is $91.03 and its 200 day moving average is $92.98. Global X Silver Miners ETF has a 52 week low of $46.18 and a 52 week high of $119.24.

About Global X Silver Miners ETF

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.