New Harbor Financial Group LLC Buys New Stake in Global X Silver Miners ETF $SIL

New Harbor Financial Group LLC purchased a new position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,876 shares of the company’s stock, valued at approximately $2,484,000. Global X Silver Miners ETF accounts for about 0.4% of New Harbor Financial Group LLC’s investment portfolio, making the stock its 25th biggest position. New Harbor Financial Group LLC owned about 0.06% of Global X Silver Miners ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. U S Global Investors Inc. acquired a new position in shares of Global X Silver Miners ETF during the third quarter valued at $3,440,000. SBI Securities Co. Ltd. lifted its position in Global X Silver Miners ETF by 23.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 9,750 shares of the company’s stock valued at $839,000 after purchasing an additional 1,882 shares during the last quarter. Berman McAleer LLC bought a new stake in Global X Silver Miners ETF in the 3rd quarter valued at about $301,000. TD Waterhouse Canada Inc. lifted its position in Global X Silver Miners ETF by 1.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,689 shares of the company’s stock valued at $744,000 after purchasing an additional 145 shares during the last quarter. Finally, BFI Infinity Ltd. acquired a new position in Global X Silver Miners ETF during the 3rd quarter valued at about $2,348,000.

Global X Silver Miners ETF Stock Down 2.5%

NYSEARCA SIL traded down $1.93 on Friday, hitting $74.06. The stock had a trading volume of 1,049,099 shares, compared to its average volume of 2,128,392. The company’s 50-day moving average is $91.23 and its two-hundred day moving average is $87.68. Global X Silver Miners ETF has a one year low of $61.80 and a one year high of $119.24. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 32.07 and a beta of 0.86.

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.