Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Shares Gap Down – Here’s Why

Shares of Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) gapped down before the market opened on Thursday . The stock had previously closed at $28.57, but opened at $27.14. Amplify Junior Silver Miners ETF shares last traded at $27.73, with a volume of 1,339,098 shares.

Amplify Junior Silver Miners ETF Price Performance

The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 25.57 and a beta of 0.79. The firm has a 50-day moving average price of $34.13 and a two-hundred day moving average price of $27.96.

Institutional Trading of Amplify Junior Silver Miners ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Group One Trading LLC acquired a new position in Amplify Junior Silver Miners ETF during the fourth quarter worth $103,932,000. Cetera Investment Advisers boosted its stake in shares of Amplify Junior Silver Miners ETF by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 3,572,063 shares of the company’s stock worth $98,839,000 after buying an additional 37,658 shares during the last quarter. UBS Group AG boosted its stake in shares of Amplify Junior Silver Miners ETF by 427.3% during the 4th quarter. UBS Group AG now owns 1,147,074 shares of the company’s stock worth $31,740,000 after buying an additional 929,543 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Amplify Junior Silver Miners ETF by 33.0% in the 4th quarter. LPL Financial LLC now owns 1,114,267 shares of the company’s stock valued at $30,832,000 after acquiring an additional 276,273 shares in the last quarter. Finally, Electrum Group LLC bought a new position in shares of Amplify Junior Silver Miners ETF in the 4th quarter valued at about $29,126,000.

About Amplify Junior Silver Miners ETF

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.