PCG Wealth Advisors LLC Increases Stock Position in Global X Silver Miners ETF $SIL

PCG Wealth Advisors LLC increased its holdings in Global X Silver Miners ETF (NYSEARCA:SIL) by 62.1% during the second quarter, HoldingsChannel.com reports. The fund owned 63,599 shares of the company’s stock after buying an additional 24,375 shares during the period. Global X Silver Miners ETF makes up approximately 1.1% of PCG Wealth Advisors LLC’s holdings, making the stock its 25th largest holding. PCG Wealth Advisors LLC’s holdings in Global X Silver Miners ETF were worth $4,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SIL. CIBC Private Wealth Group LLC increased its stake in Global X Silver Miners ETF by 204.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock valued at $27,000 after purchasing an additional 217 shares during the period. Sound Income Strategies LLC raised its stake in shares of Global X Silver Miners ETF by 428.8% during the first quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock worth $36,000 after purchasing an additional 313 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Global X Silver Miners ETF in the 1st quarter valued at $35,000. Evelyn Partners Investment Management LLP purchased a new position in Global X Silver Miners ETF in the 4th quarter valued at $32,000. Finally, EFG International AG purchased a new stake in Global X Silver Miners ETF in the 4th quarter valued at approximately $33,000.

Global X Silver Miners ETF Stock Down 2.0%

Shares of SIL opened at $99.29 on Friday. The company has a 50-day simple moving average of $84.43 and a 200-day simple moving average of $90.03. Global X Silver Miners ETF has a 52-week low of $60.78 and a 52-week high of $119.24. The company has a market capitalization of $5.33 billion, a PE ratio of 32.07 and a beta of 0.89.

Global X Silver Miners ETF 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.