Bank of Nova Scotia Makes New Investment in Global X Silver Miners ETF $SIL

Bank of Nova Scotia acquired a new position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,192,304 shares of the company’s stock, valued at approximately $85,405,000. Bank of Nova Scotia owned 2.18% of Global X Silver Miners ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SIL. Meitav Investment House Ltd. boosted its stake in Global X Silver Miners ETF by 87.7% during the third quarter. Meitav Investment House Ltd. now owns 1,220,000 shares of the company’s stock worth $87,151,000 after acquiring an additional 570,000 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Global X Silver Miners ETF by 100.7% during the second quarter. Ameriprise Financial Inc. now owns 255,277 shares of the company’s stock valued at $12,476,000 after purchasing an additional 128,104 shares during the period. Citigroup Inc. boosted its position in shares of Global X Silver Miners ETF by 18.8% during the 3rd quarter. Citigroup Inc. now owns 215,353 shares of the company’s stock worth $15,426,000 after purchasing an additional 34,072 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Global X Silver Miners ETF by 12.8% in the 2nd quarter. Cetera Investment Advisers now owns 213,696 shares of the company’s stock valued at $10,287,000 after buying an additional 24,249 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Global X Silver Miners ETF by 620.3% in the 1st quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock valued at $8,288,000 after buying an additional 180,917 shares during the period.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA:SIL opened at $94.30 on Monday. Global X Silver Miners ETF has a 52-week low of $33.11 and a 52-week high of $119.24. The business’s 50 day simple moving average is $101.94 and its two-hundred day simple moving average is $82.35. The firm has a market cap of $6.17 billion, a P/E ratio of 32.07 and a beta of 0.71.

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.