1832 Asset Management L.P. Sells 542,814 Shares of Global X Silver Miners ETF (NYSEARCA:SIL)

1832 Asset Management L.P. decreased its position in Global X Silver Miners ETF (NYSEARCA:SIL) by 40.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 806,706 shares of the company’s stock after selling 542,814 shares during the quarter. 1832 Asset Management L.P.’s holdings in Global X Silver Miners ETF were worth $25,161,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new stake in shares of Global X Silver Miners ETF during the first quarter worth $235,000. Banque Cantonale Vaudoise grew its position in shares of Global X Silver Miners ETF by 24.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 18,050 shares of the company’s stock worth $494,000 after buying an additional 3,500 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X Silver Miners ETF by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,500 shares of the company’s stock valued at $453,000 after acquiring an additional 2,100 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Global X Silver Miners ETF in the 1st quarter valued at approximately $919,000. Finally, Pettinga Financial Advisors LLC boosted its stake in Global X Silver Miners ETF by 20.4% during the 1st quarter. Pettinga Financial Advisors LLC now owns 17,020 shares of the company’s stock worth $467,000 after acquiring an additional 2,882 shares during the last quarter.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA:SIL opened at $35.14 on Tuesday. The company has a 50 day moving average price of $32.94 and a two-hundred day moving average price of $31.89. The company has a market capitalization of $1.18 billion, a PE ratio of 25.53 and a beta of 0.95. Global X Silver Miners ETF has a 52 week low of $22.57 and a 52 week high of $36.75.

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.