Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Hits New 1-Year High – Should You Buy?

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $32.34 and last traded at $32.3740, with a volume of 2222856 shares changing hands. The stock had previously closed at $30.56.

Amplify Junior Silver Miners ETF Trading Down 0.3%

The company has a market capitalization of $4.59 billion, a PE ratio of 25.57 and a beta of 0.79. The stock’s 50-day moving average is $26.25 and its two-hundred day moving average is $21.60.

Institutional Investors Weigh In On Amplify Junior Silver Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of SILJ. Royal Bank of Canada grew its position in Amplify Junior Silver Miners ETF by 151.5% in the 1st quarter. Royal Bank of Canada now owns 333,551 shares of the company’s stock valued at $4,042,000 after acquiring an additional 200,940 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Amplify Junior Silver Miners ETF during the first quarter valued at $149,000. Veracity Capital LLC purchased a new stake in shares of Amplify Junior Silver Miners ETF during the second quarter valued at $230,000. Farther Finance Advisors LLC grew its holdings in shares of Amplify Junior Silver Miners ETF by 334.2% in the second quarter. Farther Finance Advisors LLC now owns 25,401 shares of the company’s stock worth $376,000 after purchasing an additional 19,551 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Amplify Junior Silver Miners ETF in the 2nd quarter worth about $40,000.

Amplify Junior Silver Miners ETF Company Profile

The ETFMG Prime Junior Silver Miners ETF (SILJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a modified market-cap-weighted index of small-cap silver mining and exploration companies. SILJ was launched on Nov 28, 2012 and is managed by ETF Managers Group.