Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Up – Here’s What Happened

Global X Silver Miners ETF (NYSEARCA:SIL)’s stock price 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 changing hands.

Global X Silver Miners ETF Stock Performance

The firm has a market capitalization of $1.22 billion, a PE ratio of 25.53 and a beta of 0.95. The stock’s 50-day simple moving average is $37.02 and its 200-day simple moving average is $34.41.

Institutional Investors Weigh In On Global X Silver Miners ETF

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Global X Silver Miners ETF in the second quarter worth $29,000. FMR LLC boosted its holdings in shares of Global X Silver Miners ETF by 260.4% during the 3rd quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after buying an additional 625 shares in the last quarter. Baldwin Brothers LLC MA purchased a new stake in shares of Global X Silver Miners ETF in the 2nd quarter worth about $50,000. Arlington Trust Co LLC bought a new position in shares of Global X Silver Miners ETF in the 3rd quarter worth about $114,000. Finally, Franklin Resources Inc. increased its stake in shares of Global X Silver Miners ETF by 324.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock worth $154,000 after acquiring an additional 3,245 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.