Global X Silver Miners ETF $SIL Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 36.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,154 shares of the company’s stock after selling 66,348 shares during the period. Royal Bank of Canada owned about 0.20% of Global X Silver Miners ETF worth $10,553,000 at the end of the most recent quarter.

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

Global X Silver Miners ETF Stock Up 6.3%

Shares of NYSEARCA SIL opened at $88.50 on Friday. The stock’s 50 day moving average price is $79.11 and its two-hundred day moving average price is $91.00. Global X Silver Miners ETF has a 52-week low of $51.93 and a 52-week high of $119.24. The stock has a market capitalization of $4.75 billion, a P/E ratio of 32.07 and a beta of 0.84.

Global X Silver Miners ETF Profile

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.