Ballew Advisors Inc Sells 48,820 Shares of Global X Silver Miners ETF (NYSEARCA:SIL)

Ballew Advisors Inc reduced its position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 41.0% in the third quarter, Holdings Channel reports. The firm owned 70,145 shares of the company’s stock after selling 48,820 shares during the quarter. Global X Silver Miners ETF accounts for 1.7% of Ballew Advisors Inc’s holdings, making the stock its 11th biggest holding. Ballew Advisors Inc’s holdings in Global X Silver Miners ETF were worth $2,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Global X Silver Miners ETF during the 2nd quarter valued at about $29,000. Baldwin Brothers LLC MA purchased a new position in shares of Global X Silver Miners ETF in the second quarter worth approximately $50,000. Jeppson Wealth Management LLC purchased a new position in shares of Global X Silver Miners ETF in the second quarter worth approximately $213,000. CreativeOne Wealth LLC purchased a new position in shares of Global X Silver Miners ETF in the first quarter worth approximately $235,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Global X Silver Miners ETF by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,500 shares of the company’s stock worth $453,000 after buying an additional 2,100 shares during the last quarter.

Global X Silver Miners ETF Price Performance

Shares of NYSEARCA:SIL opened at $36.40 on Friday. Global X Silver Miners ETF has a 1-year low of $22.58 and a 1-year high of $37.86. The company has a market capitalization of $1.22 billion, a P/E ratio of 25.53 and a beta of 0.95. The firm’s 50 day simple moving average is $33.46 and its two-hundred day simple moving average is $32.82.

Global X Silver Miners ETF Company 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.