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

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) gapped up before the market opened on Thursday . The stock had previously closed at $46.93, but opened at $48.92. Global X Silver Miners ETF shares last traded at $49.39, with a volume of 1,430,640 shares traded.

Global X Silver Miners ETF Stock Performance

The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 35.85 and a beta of 0.76. The business’s 50 day moving average price is $40.81 and its two-hundred day moving average price is $37.54.

Hedge Funds Weigh In On Global X Silver Miners ETF

Large investors have recently made changes to their positions in the business. LPL Financial LLC increased its stake in Global X Silver Miners ETF by 28.2% in the 1st quarter. LPL Financial LLC now owns 745,936 shares of the company’s stock worth $29,427,000 after purchasing an additional 164,158 shares in the last quarter. PCG Wealth Advisors LLC raised its stake in shares of Global X Silver Miners ETF by 4.8% during the 1st quarter. PCG Wealth Advisors LLC now owns 414,719 shares of the company’s stock worth $16,361,000 after purchasing an additional 18,833 shares in the last quarter. Royal Bank of Canada lifted its stake in Global X Silver Miners ETF by 620.3% in the first quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock valued at $8,288,000 after acquiring an additional 180,917 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Global X Silver Miners ETF by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 189,447 shares of the company’s stock valued at $7,474,000 after purchasing an additional 21,522 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Global X Silver Miners ETF by 37.3% in the fourth quarter. Two Sigma Investments LP now owns 185,000 shares of the company’s stock worth $5,877,000 after buying an additional 50,300 shares during the last quarter.

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.