Crescent Grove Advisors LLC Lowers Stake in Global X Silver Miners ETF $SIL

Crescent Grove Advisors LLC lessened its stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 38.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,516 shares of the company’s stock after selling 18,424 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Global X Silver Miners ETF were worth $2,659,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. WIT Partners Advisory Pte. Ltd. raised its holdings in shares of Global X Silver Miners ETF by 8.4% in the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 76,482 shares of the company’s stock valued at $6,889,000 after buying an additional 5,930 shares during the period. Independent Financial Group LLC purchased a new stake in Global X Silver Miners ETF during the first quarter worth about $810,000. Wealthfront Advisers LLC lifted its position in shares of Global X Silver Miners ETF by 97.5% during the first quarter. Wealthfront Advisers LLC now owns 38,726 shares of the company’s stock worth $3,488,000 after purchasing an additional 19,122 shares in the last quarter. Beaumont Financial Advisors LLC purchased a new position in shares of Global X Silver Miners ETF in the first quarter valued at approximately $238,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Global X Silver Miners ETF by 38.0% in the first quarter. Bank of New York Mellon Corp now owns 5,391 shares of the company’s stock valued at $486,000 after purchasing an additional 1,484 shares in the last quarter.

Global X Silver Miners ETF Stock Down 0.2%

Global X Silver Miners ETF stock opened at $71.74 on Friday. Global X Silver Miners ETF has a 52-week low of $47.09 and a 52-week high of $119.24. The firm has a market cap of $3.89 billion, a PE ratio of 32.07 and a beta of 0.83. The company’s 50 day moving average is $83.86 and its two-hundred day moving average is $92.27.

Global X Silver Miners ETF 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.