Elevation Point Wealth Partners LLC Takes $4.59 Million Position in Global X Silver Miners ETF $SIL

Elevation Point Wealth Partners LLC bought a new position in Global X Silver Miners ETF (NYSEARCA:SIL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,978 shares of the company’s stock, valued at approximately $4,592,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in Global X Silver Miners ETF by 465.8% in the 4th quarter. SG Americas Securities LLC now owns 14,320 shares of the company’s stock worth $1,196,000 after purchasing an additional 11,789 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of Global X Silver Miners ETF in the third quarter worth about $717,000. Clear Creek Financial Management LLC acquired a new position in shares of Global X Silver Miners ETF in the fourth quarter worth about $3,822,000. Insigneo Advisory Services LLC acquired a new position in shares of Global X Silver Miners ETF in the third quarter worth about $400,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Global X Silver Miners ETF in the third quarter worth approximately $616,000.

Global X Silver Miners ETF Price Performance

SIL stock opened at $80.20 on Friday. Global X Silver Miners ETF has a 52-week low of $47.09 and a 52-week high of $119.24. The company’s 50 day simple moving average is $87.21 and its 200-day simple moving average is $93.00. The firm has a market capitalization of $4.36 billion, a P/E ratio of 32.07 and a beta of 0.83.

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.