Kovack Advisors Inc. Purchases New Position in Amplify Junior Silver Miners ETF $SILJ

Kovack Advisors Inc. purchased a new stake in shares of Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 302,419 shares of the company’s stock, valued at approximately $8,474,000. Kovack Advisors Inc. owned 0.19% of Amplify Junior Silver Miners ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at about $29,000. SouthState Bank Corp purchased a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at about $32,000. Harbor Investment Advisory LLC purchased a new position in shares of Amplify Junior Silver Miners ETF during the fourth quarter valued at about $42,000. Finally, Blue Trust Inc. increased its position in shares of Amplify Junior Silver Miners ETF by 130.8% during the fourth quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock valued at $42,000 after buying an additional 850 shares during the period.

Amplify Junior Silver Miners ETF Price Performance

Shares of NYSEARCA SILJ opened at $26.33 on Friday. Amplify Junior Silver Miners ETF has a 1 year low of $14.11 and a 1 year high of $41.10. The company’s 50-day moving average is $30.28 and its 200 day moving average is $30.89. The stock has a market capitalization of $3.48 billion, a P/E ratio of 25.57 and a beta of 0.84.

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.