Global X Silver Miners ETF $SIL Shares Sold by Elite Wealth Management Inc.

Elite Wealth Management Inc. trimmed its holdings in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,416 shares of the company’s stock after selling 8,595 shares during the period. Global X Silver Miners ETF accounts for about 3.1% of Elite Wealth Management Inc.’s holdings, making the stock its 9th biggest holding. Elite Wealth Management Inc. owned approximately 0.18% of Global X Silver Miners ETF worth $9,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SIL. CIBC Private Wealth Group LLC lifted its position in Global X Silver Miners ETF by 204.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after acquiring an additional 217 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Global X Silver Miners ETF by 133.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Evelyn Partners Investment Management LLP acquired a new position in shares of Global X Silver Miners ETF during the fourth quarter worth $32,000. EFG International AG purchased a new stake in Global X Silver Miners ETF during the 4th quarter worth $33,000. Finally, Sound Income Strategies LLC increased its stake in Global X Silver Miners ETF by 428.8% during the 1st quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock worth $36,000 after buying an additional 313 shares during the period.

Global X Silver Miners ETF Price Performance

Shares of SIL stock opened at $75.78 on Tuesday. The company’s fifty day moving average price is $81.10 and its two-hundred day moving average price is $91.90. The firm has a market capitalization of $4.09 billion, a P/E ratio of 32.07 and a beta of 0.83. Global X Silver Miners ETF has a 12 month low of $47.09 and a 12 month high of $119.24.

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.