Financially Speaking Inc Lowers Holdings in Global X Silver Miners ETF $SIL

Financially Speaking Inc decreased its holdings in Global X Silver Miners ETF (NYSEARCA:SIL) by 62.8% in the fourth quarter, Holdings Channel reports. The firm owned 16,765 shares of the company’s stock after selling 28,332 shares during the quarter. Global X Silver Miners ETF accounts for about 0.9% of Financially Speaking Inc’s portfolio, making the stock its 13th biggest position. Financially Speaking Inc’s holdings in Global X Silver Miners ETF were worth $1,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SIL. Bank of Nova Scotia bought a new stake in shares of Global X Silver Miners ETF in the 3rd quarter worth $85,405,000. Electrum Group LLC bought a new stake in shares of Global X Silver Miners ETF in the 4th quarter worth $28,565,000. Mainstay Capital Management LLC ADV increased its holdings in shares of Global X Silver Miners ETF by 1,440.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 309,140 shares of the company’s stock worth $25,819,000 after purchasing an additional 289,072 shares in the last quarter. Southeast Asset Advisors LLC bought a new stake in shares of Global X Silver Miners ETF in the 4th quarter worth $20,645,000. Finally, BFI Infinity Ltd. grew its holdings in shares of Global X Silver Miners ETF by 210.6% in the fourth quarter. BFI Infinity Ltd. now owns 119,423 shares of the company’s stock worth $9,980,000 after acquiring an additional 227,381 shares during the period.

Global X Silver Miners ETF Price Performance

Shares of SIL opened at $81.68 on Friday. Global X Silver Miners ETF has a one year low of $46.18 and a one year high of $119.24. The firm has a market capitalization of $4.89 billion, a P/E ratio of 32.07 and a beta of 0.79. The business has a fifty day moving average of $91.75 and a 200 day moving average of $92.51.

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.