Independent Financial Group LLC Makes New $810,000 Investment in Global X Silver Miners ETF $SIL

Independent Financial Group LLC acquired a new stake in Global X Silver Miners ETF (NYSEARCA:SIL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,996 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SIL. Hollencrest Capital Management grew its stake in shares of Global X Silver Miners ETF by 0.6% during the fourth quarter. Hollencrest Capital Management now owns 18,711 shares of the company’s stock worth $1,563,000 after purchasing an additional 120 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Global X Silver Miners ETF by 133.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Global X Silver Miners ETF by 204.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after acquiring an additional 217 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Global X Silver Miners ETF by 2.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,818 shares of the company’s stock valued at $653,000 after acquiring an additional 219 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Global X Silver Miners ETF by 45.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares during the last quarter.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA SIL opened at $75.53 on Wednesday. Global X Silver Miners ETF has a fifty-two week low of $47.09 and a fifty-two week high of $119.24. The firm has a market capitalization of $4.09 billion, a PE ratio of 32.07 and a beta of 0.83. The stock’s 50-day simple moving average is $82.70 and its 200-day simple moving average is $92.17.

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.