New Harbor Financial Group LLC Makes New Investment in Global X Silver Miners ETF $SIL

New Harbor Financial Group LLC acquired a new stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL) during the third quarter, HoldingsChannel reports. The firm acquired 28,876 shares of the company’s stock, valued at approximately $2,484,000. Global X Silver Miners ETF accounts for approximately 0.4% of New Harbor Financial Group LLC’s portfolio, making the stock its 25th largest holding.

Several other institutional investors have also bought and sold shares of the stock. Bank of Nova Scotia grew its position in Global X Silver Miners ETF by 307.5% in the 1st quarter. Bank of Nova Scotia now owns 1,203,736 shares of the company’s stock valued at $108,433,000 after buying an additional 908,336 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Global X Silver Miners ETF during the 1st quarter worth about $14,802,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Global X Silver Miners ETF in the 1st quarter worth approximately $4,592,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Global X Silver Miners ETF in the 1st quarter worth approximately $4,232,000. Finally, Juncture Wealth Strategies LLC acquired a new stake in shares of Global X Silver Miners ETF in the 3rd quarter worth approximately $3,531,000.

Global X Silver Miners ETF Price Performance

Shares of Global X Silver Miners ETF stock traded down $1.93 on Friday, hitting $74.06. The company had a trading volume of 1,049,099 shares, compared to its average volume of 2,128,392. Global X Silver Miners ETF has a 52 week low of $61.80 and a 52 week high of $119.24. The company has a market cap of $3.73 billion, a PE ratio of 32.07 and a beta of 0.86. The business has a 50-day simple moving average of $91.23 and a 200-day simple moving average of $87.68.

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.