Elite Wealth Management Inc. Reduces Holdings in Global X Silver Miners ETF $SIL

Elite Wealth Management Inc. lessened its stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,416 shares of the company’s stock after selling 8,595 shares during the quarter. Global X Silver Miners ETF comprises about 3.1% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Elite Wealth Management Inc.’s holdings in Global X Silver Miners ETF were worth $9,586,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its holdings in Global X Silver Miners ETF by 204.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after buying an additional 217 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Global X Silver Miners ETF by 133.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Global X Silver Miners ETF by 428.8% during the 1st quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock valued at $36,000 after acquiring an additional 313 shares during the last quarter. Evelyn Partners Investment Management LLP bought a new stake in shares of Global X Silver Miners ETF during the 4th quarter worth $32,000. Finally, EFG International AG bought a new stake in shares of Global X Silver Miners ETF during the 4th quarter worth $33,000.

Global X Silver Miners ETF Stock Up 0.5%

Shares of Global X Silver Miners ETF stock opened at $75.78 on Tuesday. Global X Silver Miners ETF has a 12-month low of $47.09 and a 12-month 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 fifty day moving average is $81.10 and its 200-day moving average is $91.90.

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.