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

Global X Silver Miners ETF (NYSEARCA:SIL) shares gapped up prior to trading on Friday . The stock had previously closed at $35.43, but opened at $36.48. Global X Silver Miners ETF shares last traded at $36.38, with a volume of 42,615 shares traded.

Global X Silver Miners ETF Stock Up 3.0 %

The stock has a market cap of $1.22 billion, a PE ratio of 25.53 and a beta of 0.95. The stock’s fifty day moving average price is $37.00 and its 200 day moving average price is $34.39.

Institutional Trading of Global X Silver Miners ETF

A number of large investors have recently made changes to their positions in the stock. Meitav Investment House Ltd. bought a new stake in shares of Global X Silver Miners ETF in the second quarter worth $13,098,000. PCG Wealth Advisors LLC grew its stake in shares of Global X Silver Miners ETF by 22.5% during the 3rd quarter. PCG Wealth Advisors LLC now owns 371,859 shares of the company’s stock valued at $13,049,000 after purchasing an additional 68,334 shares during the period. Cetera Investment Advisers increased its position in shares of Global X Silver Miners ETF by 140.7% during the 2nd quarter. Cetera Investment Advisers now owns 162,245 shares of the company’s stock valued at $5,060,000 after purchasing an additional 94,834 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Global X Silver Miners ETF by 11.4% in the 2nd quarter. Raymond James & Associates now owns 137,692 shares of the company’s stock worth $4,295,000 after purchasing an additional 14,128 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Global X Silver Miners ETF by 21.7% in the second quarter. Envestnet Asset Management Inc. now owns 121,219 shares of the company’s stock worth $3,781,000 after buying an additional 21,639 shares during 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.