Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Shares Down 5.9% – Here’s What Happened

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) shares dropped 5.9% during trading on Wednesday . The company traded as low as $29.52 and last traded at $29.66. Approximately 1,887,658 shares were traded during trading, a decline of 83% from the average daily volume of 11,118,682 shares. The stock had previously closed at $31.53.

Amplify Junior Silver Miners ETF Price Performance

The stock has a market capitalization of $4.77 billion, a PE ratio of 25.57 and a beta of 0.79. The firm has a fifty day moving average price of $34.52 and a two-hundred day moving average price of $27.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Caitlin John LLC boosted its position in Amplify Junior Silver Miners ETF by 182.7% in the 4th quarter. Caitlin John LLC now owns 12,129 shares of the company’s stock valued at $336,000 after buying an additional 7,839 shares during the period. Beacon Pointe Advisors LLC raised its stake in shares of Amplify Junior Silver Miners ETF by 26.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 13,669 shares of the company’s stock valued at $378,000 after acquiring an additional 2,867 shares in the last quarter. Grand Central Investment Group purchased a new stake in shares of Amplify Junior Silver Miners ETF in the fourth quarter valued at approximately $15,599,000. NewEdge Advisors LLC grew its stake in Amplify Junior Silver Miners ETF by 417.8% in the fourth quarter. NewEdge Advisors LLC now owns 16,538 shares of the company’s stock worth $458,000 after purchasing an additional 13,344 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Amplify Junior Silver Miners ETF in the fourth quarter worth approximately $4,113,000.

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.