Insigneo Advisory Services LLC bought a new position in shares of Global X Silver Miners ETF (NYSEARCA:SIL – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,580 shares of the company’s stock, valued at approximately $400,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Encompass More Asset Management boosted its stake in shares of Global X Silver Miners ETF by 39.2% in the 3rd quarter. Encompass More Asset Management now owns 37,516 shares of the company’s stock valued at $2,687,000 after purchasing an additional 10,573 shares in the last quarter. Avalon Capital Management bought a new stake in Global X Silver Miners ETF during the 3rd quarter worth approximately $842,000. Baird Financial Group Inc. grew its position in Global X Silver Miners ETF by 39.2% during the 2nd quarter. Baird Financial Group Inc. now owns 170,802 shares of the company’s stock worth $8,222,000 after acquiring an additional 48,107 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in Global X Silver Miners ETF during the 2nd quarter valued at $1,564,000. Finally, Cetera Investment Advisers grew its holdings in Global X Silver Miners ETF by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 213,696 shares of the company’s stock worth $10,287,000 after acquiring an additional 24,249 shares during the last quarter.
Global X Silver Miners ETF Trading Down 1.1%
Global X Silver Miners ETF stock opened at $101.23 on Friday. Global X Silver Miners ETF has a 1 year low of $33.11 and a 1 year high of $119.24. The company has a market cap of $6.63 billion, a PE ratio of 32.07 and a beta of 0.71. The company’s 50-day moving average is $100.27 and its two-hundred day moving average is $80.35.
Key Headlines Impacting Global X Silver Miners ETF
- Positive Sentiment: Institutional flows into silver miners are accelerating as industrial demand and growing eastern market participation reshape silver pricing — this supports longer‑term upside for mining exposure. Institutional capital scrambles for silver miners
- Positive Sentiment: Downbeat U.S. jobs data triggered safe‑haven demand that lifted silver and miners in intraday trade, a catalyst that can boost SIL if the employment weakness persists. Price gains for gold, silver after downbeat U.S. jobs data
- Positive Sentiment: Macro commentary and forecasts flagged the potential for metals to rebound if NFP prints remain weak, reinforcing a tactical buying case for mining ETFs on policy‑sensitive data days. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Non Farm Payrolls Miss Estimates
- Neutral Sentiment: Pre‑NFP positioning produced modest gains and heightened volatility in silver — traders are watching upcoming data releases that could swing flows both ways. Modest price gains in gold, silver ahead of U.S. jobs data
- Negative Sentiment: Earlier dollar strength and rising bond yields prompted a selloff in gold and silver, creating headwinds for SIL and prompting short‑term outflows and profit taking. Gold, silver sell off as USDX rallies, bond yields rise
- Negative Sentiment: Analyst/forecast chatter about pullbacks and breaks below key metal price levels increases short‑term downside risk for mining stocks and ETF holdings. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Below $5100 As Pullback Continues
About Global X Silver Miners ETF
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.
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