Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Up – Time to Buy?

Global X Silver Miners ETF (NYSEARCA:SIL)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $39.34, but opened at $40.46. Global X Silver Miners ETF shares last traded at $40.68, with a volume of 311,227 shares changing hands.

Global X Silver Miners ETF Trading Up 2.4 %

The firm’s 50-day moving average price is $34.54 and its two-hundred day moving average price is $33.31. The stock has a market cap of $1.38 billion, a PE ratio of 25.53 and a beta of 0.95.

Institutional Trading of Global X Silver Miners ETF

A number of hedge funds have recently bought and sold shares of the stock. CreativeOne Wealth LLC purchased a new position in shares of Global X Silver Miners ETF in the 1st quarter worth approximately $235,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global X Silver Miners ETF by 14.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,500 shares of the company’s stock valued at $453,000 after purchasing an additional 2,100 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Global X Silver Miners ETF in the 1st quarter worth $919,000. Pettinga Financial Advisors LLC grew its stake in Global X Silver Miners ETF by 20.4% during the 1st quarter. Pettinga Financial Advisors LLC now owns 17,020 shares of the company’s stock worth $467,000 after buying an additional 2,882 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Global X Silver Miners ETF by 21.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 121,219 shares of the company’s stock valued at $3,781,000 after buying an additional 21,639 shares in the last quarter.

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.