Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Sets New 1-Year High – Still a Buy?

Shares of Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) hit a new 52-week high on Thursday . The company traded as high as $27.68 and last traded at $27.6910, with a volume of 3894751 shares traded. The stock had previously closed at $26.58.

Amplify Junior Silver Miners ETF Trading Up 4.8%

The business has a 50-day moving average of $23.67 and a two-hundred day moving average of $19.12. The firm has a market cap of $3.19 billion, a P/E ratio of 25.57 and a beta of 0.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Amplify Junior Silver Miners ETF during the 2nd quarter worth about $1,327,000. Farther Finance Advisors LLC raised its position in shares of Amplify Junior Silver Miners ETF by 334.2% during the second quarter. Farther Finance Advisors LLC now owns 25,401 shares of the company’s stock worth $376,000 after acquiring an additional 19,551 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Amplify Junior Silver Miners ETF in the second quarter worth approximately $2,355,000. Quarry LP bought a new stake in Amplify Junior Silver Miners ETF in the first quarter valued at approximately $83,000. Finally, Veracity Capital LLC bought a new stake in Amplify Junior Silver Miners ETF in the second quarter valued at approximately $230,000.

Amplify Junior Silver Miners ETF Company Profile

The ETFMG Prime Junior Silver Miners ETF (SILJ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a modified market-cap-weighted index of small-cap silver mining and exploration companies. SILJ was launched on Nov 28, 2012 and is managed by ETF Managers Group.