Purpose Unlimited Inc. Invests $3.40 Million in Global X Silver Miners ETF $SIL

Purpose Unlimited Inc. bought a new position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,773 shares of the company’s stock, valued at approximately $3,405,000. Purpose Unlimited Inc. owned 0.06% of Global X Silver Miners ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its holdings in Global X Silver Miners ETF by 204.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock valued at $27,000 after buying an additional 217 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Global X Silver Miners ETF by 133.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Evelyn Partners Investment Management LLP acquired a new stake in shares of Global X Silver Miners ETF during the fourth quarter worth $32,000. EFG International AG acquired a new stake in shares of Global X Silver Miners ETF during the fourth quarter worth $33,000. Finally, Ameriflex Group Inc. boosted its position in shares of Global X Silver Miners ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock valued at $39,000 after acquiring an additional 269 shares during the period.

Global X Silver Miners ETF Stock Performance

Shares of Global X Silver Miners ETF stock opened at $83.73 on Friday. The firm has a 50-day moving average of $91.03 and a 200-day moving average of $92.98. Global X Silver Miners ETF has a 52-week low of $46.18 and a 52-week high of $119.24. The stock has a market cap of $5.01 billion, a PE ratio of 32.07 and a beta of 0.79.

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.