Encompass More Asset Management Grows Stake in Global X Silver Miners ETF $SIL

Encompass More Asset Management lifted its holdings in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,574 shares of the company’s stock after buying an additional 11,058 shares during the quarter. Encompass More Asset Management’s holdings in Global X Silver Miners ETF were worth $4,057,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SIL. Maytree Asset Management Ltd bought a new stake in Global X Silver Miners ETF during the 4th quarter valued at $968,000. SBI Securities Co. Ltd. raised its holdings in Global X Silver Miners ETF by 180.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,530 shares of the company’s stock valued at $629,000 after acquiring an additional 4,848 shares during the period. Elite Wealth Management Inc. bought a new stake in Global X Silver Miners ETF during the 4th quarter valued at $9,606,000. RIA Advisory Group LLC raised its holdings in Global X Silver Miners ETF by 31.8% during the 4th quarter. RIA Advisory Group LLC now owns 17,477 shares of the company’s stock valued at $1,460,000 after acquiring an additional 4,212 shares during the period. Finally, Chung Wu Investment Group LLC raised its holdings in Global X Silver Miners ETF by 3.0% during the 4th quarter. Chung Wu Investment Group LLC now owns 10,400 shares of the company’s stock valued at $869,000 after acquiring an additional 300 shares during the period.

Global X Silver Miners ETF Price Performance

Shares of SIL stock opened at $94.68 on Thursday. The company’s fifty day simple moving average is $95.83 and its two-hundred day simple moving average is $88.43. Global X Silver Miners ETF has a 1 year low of $38.64 and a 1 year high of $119.24. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 32.07 and a beta of 0.78.

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.