Bank of Nova Scotia Raises Position in Global X Silver Miners ETF $SIL

Bank of Nova Scotia lifted its holdings in Global X Silver Miners ETF (NYSEARCA:SIL) by 307.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,203,736 shares of the company’s stock after purchasing an additional 908,336 shares during the quarter. Bank of Nova Scotia’s holdings in Global X Silver Miners ETF were worth $108,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in Global X Silver Miners ETF by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 149,572 shares of the company’s stock valued at $13,473,000 after buying an additional 15,654 shares in the last quarter. CI Investments Inc. purchased a new stake in Global X Silver Miners ETF in the first quarter valued at about $14,802,000. Legacy Wealth Managment LLC ID boosted its holdings in Global X Silver Miners ETF by 139.5% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,236 shares of the company’s stock worth $111,000 after acquiring an additional 720 shares in the last quarter. WIT Partners Advisory Pte. Ltd. grew its stake in shares of Global X Silver Miners ETF by 8.4% during the first quarter. WIT Partners Advisory Pte. Ltd. now owns 76,482 shares of the company’s stock worth $6,889,000 after acquiring an additional 5,930 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Global X Silver Miners ETF during the first quarter worth about $810,000.

Global X Silver Miners ETF Stock Down 2.7%

SIL opened at $75.28 on Friday. Global X Silver Miners ETF has a 52-week low of $47.09 and a 52-week high of $119.24. The company has a market cap of $4.07 billion, a P/E ratio of 32.07 and a beta of 0.83. The firm’s 50-day moving average price is $81.72 and its 200-day moving average price is $92.07.

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.