Northwestern Mutual Wealth Management Co. boosted its stake in Global X Silver Miners ETF (NYSEARCA:SIL – Free Report) by 42.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,438 shares of the company’s stock after purchasing an additional 431 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Global X Silver Miners ETF were worth $57,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of Global X Silver Miners ETF by 28.2% in the first quarter. LPL Financial LLC now owns 745,936 shares of the company’s stock valued at $29,427,000 after buying an additional 164,158 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Global X Silver Miners ETF in the first quarter valued at $2,867,000. Wellington Management Group LLP purchased a new position in shares of Global X Silver Miners ETF in the first quarter valued at $2,551,000. Simplex Trading LLC boosted its stake in shares of Global X Silver Miners ETF by 316.9% in the first quarter. Simplex Trading LLC now owns 74,282 shares of the company’s stock valued at $2,930,000 after purchasing an additional 56,464 shares during the period. Finally, Financial Sense Advisors Inc. purchased a new position in shares of Global X Silver Miners ETF in the first quarter valued at $2,094,000.
Global X Silver Miners ETF Trading Up 2.0%
Shares of SIL stock opened at $61.49 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 32.07 and a beta of 0.98. The firm has a fifty day simple moving average of $52.20 and a 200-day simple moving average of $44.92. Global X Silver Miners ETF has a twelve month low of $30.04 and a twelve month high of $62.17.
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.
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