Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Hits New 1-Year High – Still a Buy?

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.34 and last traded at $32.3740, with a volume of 2222856 shares traded. The stock had previously closed at $30.56.

Amplify Junior Silver Miners ETF Stock Up 5.5%

The stock has a market cap of $4.58 billion, a P/E ratio of 25.57 and a beta of 0.79. The company has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $21.36.

Hedge Funds Weigh In On Amplify Junior Silver Miners ETF

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management boosted its stake in shares of Amplify Junior Silver Miners ETF by 1.5% during the 2nd quarter. Hollencrest Capital Management now owns 40,611 shares of the company’s stock worth $601,000 after acquiring an additional 600 shares during the last quarter. Nwam LLC lifted its position in Amplify Junior Silver Miners ETF by 1.2% during the third quarter. Nwam LLC now owns 65,002 shares of the company’s stock valued at $1,501,000 after purchasing an additional 749 shares in the last quarter. Veracity Capital LLC grew its holdings in Amplify Junior Silver Miners ETF by 5.0% during the third quarter. Veracity Capital LLC now owns 16,330 shares of the company’s stock valued at $377,000 after purchasing an additional 774 shares during the period. PNC Financial Services Group Inc. grew its holdings in Amplify Junior Silver Miners ETF by 14.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,182 shares of the company’s stock valued at $143,000 after purchasing an additional 782 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in Amplify Junior Silver Miners ETF in the fourth quarter worth about $25,000.

About Amplify Junior Silver Miners ETF

The ETFMG Prime Junior Silver Miners ETF (SILJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a modified market-cap-weighted index of small-cap silver mining and exploration companies. SILJ was launched on Nov 28, 2012 and is managed by ETF Managers Group.