FNY Investment Advisers LLC Buys Shares of 2,623 Global X Silver Miners ETF (NYSEARCA:SIL)

FNY Investment Advisers LLC acquired a new position in Global X Silver Miners ETF (NYSEARCA:SIL) during the first quarter, HoldingsChannel.com reports. The fund acquired 2,623 shares of the company’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Investments LP boosted its stake in Global X Silver Miners ETF by 37.3% in the 4th quarter. Two Sigma Investments LP now owns 185,000 shares of the company’s stock worth $5,877,000 after purchasing an additional 50,300 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Global X Silver Miners ETF by 2.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 175,670 shares of the company’s stock valued at $5,581,000 after purchasing an additional 3,816 shares during the period. Cetera Investment Advisers lifted its stake in shares of Global X Silver Miners ETF by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 167,925 shares of the company’s stock valued at $5,335,000 after purchasing an additional 3,001 shares during the period. Baird Financial Group Inc. increased its holdings in Global X Silver Miners ETF by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 122,404 shares of the company’s stock worth $3,889,000 after acquiring an additional 1,887 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Global X Silver Miners ETF in the 4th quarter worth $2,766,000.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA SIL opened at $48.69 on Tuesday. Global X Silver Miners ETF has a one year low of $28.02 and a one year high of $49.76. The firm has a market cap of $1.80 billion, a PE ratio of 35.85 and a beta of 0.76. The firm has a fifty day moving average of $42.32 and a 200 day moving average of $38.10.

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.