Mirae Asset Global Investments Co. Ltd. Cuts Stake in Global X Silver Miners ETF $SIL

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 28.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,800 shares of the company’s stock after selling 3,500 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Global X Silver Miners ETF were worth $424,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SIL. Elevation Point Wealth Partners LLC purchased a new position in shares of Global X Silver Miners ETF during the first quarter valued at $1,879,000. Columbus Macro LLC increased its stake in shares of Global X Silver Miners ETF by 21.4% during the first quarter. Columbus Macro LLC now owns 12,381 shares of the company’s stock valued at $488,000 after buying an additional 2,184 shares during the period. M.E. Allison & CO. Inc. purchased a new position in shares of Global X Silver Miners ETF during the first quarter valued at $237,000. FNY Investment Advisers LLC purchased a new position in shares of Global X Silver Miners ETF during the first quarter valued at $103,000. Finally, Blue Trust Inc. increased its stake in shares of Global X Silver Miners ETF by 1,608.0% during the first quarter. Blue Trust Inc. now owns 3,416 shares of the company’s stock valued at $135,000 after buying an additional 3,216 shares during the period.

Global X Silver Miners ETF Trading Down 0.1%

Shares of Global X Silver Miners ETF stock opened at $70.80 on Friday. The firm has a market cap of $3.75 billion, a P/E ratio of 32.07 and a beta of 0.98. Global X Silver Miners ETF has a 12 month low of $31.37 and a 12 month high of $75.34. The stock’s fifty day moving average price is $61.74 and its 200-day moving average price is $50.19.

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.