Potomac Fund Management Inc. ADV Has $13.69 Million Stock Holdings in Global X Silver Miners ETF $SIL

Potomac Fund Management Inc. ADV lessened its stake in Global X Silver Miners ETF (NYSEARCA:SIL) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,889 shares of the company’s stock after selling 11,469 shares during the quarter. Global X Silver Miners ETF accounts for about 0.5% of Potomac Fund Management Inc. ADV’s holdings, making the stock its 20th biggest position. Potomac Fund Management Inc. ADV owned approximately 0.25% of Global X Silver Miners ETF worth $13,688,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SIL. Bank of Nova Scotia acquired a new position in Global X Silver Miners ETF in the 3rd quarter valued at approximately $85,405,000. Electrum Group LLC bought a new stake in Global X Silver Miners ETF in the fourth quarter worth approximately $28,565,000. Mainstay Capital Management LLC ADV grew its position in Global X Silver Miners ETF by 1,440.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 309,140 shares of the company’s stock worth $25,819,000 after acquiring an additional 289,072 shares in the last quarter. Southeast Asset Advisors LLC bought a new stake in Global X Silver Miners ETF in the fourth quarter worth approximately $20,645,000. Finally, BFI Infinity Ltd. grew its position in 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 in the last quarter.

Global X Silver Miners ETF Price Performance

SIL stock opened at $81.68 on Monday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 32.07 and a beta of 0.79. Global X Silver Miners ETF has a 12 month low of $46.18 and a 12 month high of $119.24. The firm has a 50 day moving average of $91.75 and a two-hundred day moving average of $92.68.

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.