Bank of Nova Scotia Boosts Stake in Global X Silver Miners ETF $SIL

Bank of Nova Scotia raised its stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 307.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,203,736 shares of the company’s stock after acquiring an additional 908,336 shares during the quarter. Bank of Nova Scotia owned approximately 2.01% of Global X Silver Miners ETF worth $108,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada boosted its position in Global X Silver Miners ETF by 620.3% during the first quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock valued at $8,288,000 after purchasing an additional 180,917 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Global X Silver Miners ETF by 120.6% in the first quarter. NewEdge Advisors LLC now owns 14,781 shares of the company’s stock worth $583,000 after purchasing an additional 8,082 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Global X Silver Miners ETF by 1.7% during the second quarter. Cerity Partners LLC now owns 21,401 shares of the company’s stock valued at $1,030,000 after buying an additional 368 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Global X Silver Miners ETF by 91.6% during the second quarter. Qube Research & Technologies Ltd now owns 99,770 shares of the company’s stock valued at $4,803,000 after buying an additional 47,701 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Global X Silver Miners ETF by 21.8% during the second quarter. Raymond James Financial Inc. now owns 82,030 shares of the company’s stock valued at $3,949,000 after buying an additional 14,676 shares during the last quarter.

Global X Silver Miners ETF Stock Performance

NYSEARCA:SIL opened at $75.28 on Friday. The company’s 50-day simple moving average is $81.72 and its 200-day simple moving average is $92.07. Global X Silver Miners ETF has a fifty-two week low of $47.09 and a fifty-two week high of $119.24. The stock has a market capitalization of $4.07 billion, a P/E ratio of 32.07 and a beta of 0.83.

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.