HighTower Advisors LLC Raises Stake in Global X Silver Miners ETF (NYSEARCA:SIL)

HighTower Advisors LLC raised its holdings in Global X Silver Miners ETF (NYSEARCA:SIL) by 20.7% during the fourth quarter, HoldingsChannel reports. The firm owned 21,728 shares of the company’s stock after buying an additional 3,721 shares during the period. HighTower Advisors LLC’s holdings in Global X Silver Miners ETF were worth $690,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SIL. Oppenheimer & Co. Inc. purchased a new position in shares of Global X Silver Miners ETF during the fourth quarter worth about $346,000. JPMorgan Chase & Co. raised its stake in Global X Silver Miners ETF by 97.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 645 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Global X Silver Miners ETF during the 4th quarter worth approximately $381,000. FMR LLC grew its stake in shares of Global X Silver Miners ETF by 260.4% in the 3rd quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after purchasing an additional 625 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Global X Silver Miners ETF by 13.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,500 shares of the company’s stock valued at $427,000 after purchasing an additional 1,600 shares during the period.

Global X Silver Miners ETF Price Performance

Global X Silver Miners ETF stock opened at $39.49 on Friday. The business has a 50 day simple moving average of $36.52 and a 200-day simple moving average of $36.08. Global X Silver Miners ETF has a 12 month low of $27.56 and a 12 month high of $42.29. The stock has a market capitalization of $1.38 billion, a PE ratio of 34.13 and a beta of 1.05.

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.