Global X Silver Miners ETF (NYSEARCA:SIL) Sets New 52-Week High – Here’s What Happened

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) reached a new 52-week high on Tuesday . The stock traded as high as $75.42 and last traded at $75.19, with a volume of 2072961 shares changing hands. The stock had previously closed at $70.80.

Global X Silver Miners ETF Stock Performance

The company has a market capitalization of $3.98 billion, a P/E ratio of 32.07 and a beta of 0.98. The firm has a 50 day moving average price of $62.26 and a two-hundred day moving average price of $50.58.

Institutional Investors Weigh In On Global X Silver Miners ETF

Several large investors have recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of Global X Silver Miners ETF by 28.2% in the 1st quarter. LPL Financial LLC now owns 745,936 shares of the company’s stock valued at $29,427,000 after purchasing an additional 164,158 shares during the period. PCG Wealth Advisors LLC grew its position in Global X Silver Miners ETF by 4.8% during the 1st quarter. PCG Wealth Advisors LLC now owns 414,719 shares of the company’s stock worth $16,361,000 after acquiring an additional 18,833 shares during the last quarter. Ameriprise Financial Inc. grew its position in Global X Silver Miners ETF by 100.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 255,277 shares of the company’s stock worth $12,476,000 after acquiring an additional 128,104 shares during the last quarter. Cetera Investment Advisers grew its position in Global X Silver Miners ETF by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 213,696 shares of the company’s stock worth $10,287,000 after acquiring an additional 24,249 shares during the last quarter. Finally, Royal Bank of Canada grew its position 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 last quarter.

Global X Silver Miners ETF Company 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.