Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Reaches New 1-Year High – Here’s Why

Shares of Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.06 and last traded at $29.8810, with a volume of 4541558 shares. The stock had previously closed at $28.45.

Amplify Junior Silver Miners ETF Stock Up 0.5%

The firm has a market capitalization of $3.40 billion, a PE ratio of 25.57 and a beta of 0.79. The stock has a 50-day moving average price of $24.44 and a 200 day moving average price of $20.07.

Institutional Investors Weigh In On Amplify Junior Silver Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SILJ. Y Intercept Hong Kong Ltd acquired a new position in shares of Amplify Junior Silver Miners ETF during the 2nd quarter valued at about $1,327,000. Capital Fund Management S.A. acquired a new stake in Amplify Junior Silver Miners ETF during the second quarter worth about $2,355,000. Farther Finance Advisors LLC raised its stake in Amplify Junior Silver Miners ETF by 334.2% during 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 period. Quarry LP acquired a new position in Amplify Junior Silver Miners ETF in the 1st quarter valued at about $83,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Amplify Junior Silver Miners ETF by 160.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,505 shares of the company’s stock valued at $895,000 after buying an additional 37,307 shares during the period.

About Amplify Junior Silver Miners ETF

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.