Maytree Asset Management Ltd Invests $968,000 in Global X Silver Miners ETF $SIL

Maytree Asset Management Ltd purchased a new stake in shares of Global X Silver Miners ETF (NYSEARCA:SIL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,590 shares of the company’s stock, valued at approximately $968,000. Global X Silver Miners ETF comprises about 0.7% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Global X Silver Miners ETF in the 3rd quarter valued at about $27,000. TD Waterhouse Canada Inc. grew its holdings in shares of Global X Silver Miners ETF by 133.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Global X Silver Miners ETF by 661.7% in the third quarter. Atlantic Union Bankshares Corp now owns 457 shares of the company’s stock valued at $33,000 after purchasing an additional 397 shares during the last quarter. Ameriflex Group Inc. increased its stake in Global X Silver Miners ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock valued at $39,000 after buying an additional 269 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Global X Silver Miners ETF in the 3rd quarter valued at about $44,000.

Global X Silver Miners ETF Trading Down 0.6%

NYSEARCA:SIL opened at $86.38 on Wednesday. The stock has a market capitalization of $5.17 billion, a PE ratio of 32.07 and a beta of 0.78. The firm has a fifty day simple moving average of $96.14 and a 200 day simple moving average of $88.32. Global X Silver Miners ETF has a 1-year low of $38.64 and a 1-year high of $119.24.

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.