Sequoia Financial Advisors LLC Sells 558 Shares of Global X Silver Miners ETF (NYSEARCA:SIL)

Sequoia Financial Advisors LLC lessened its stake in Global X Silver Miners ETF (NYSEARCA:SIL) by 8.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,750 shares of the company’s stock after selling 558 shares during the period. Sequoia Financial Advisors LLC’s holdings in Global X Silver Miners ETF were worth $227,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Dunhill Financial LLC lifted its stake in shares of Global X Silver Miners ETF by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 1,000 shares of the company’s stock valued at $32,000 after buying an additional 500 shares during the period. Spire Wealth Management lifted its stake in shares of Global X Silver Miners ETF by 59.8% in the first quarter. Spire Wealth Management now owns 834 shares of the company’s stock valued at $33,000 after buying an additional 312 shares during the period. Parallel Advisors LLC bought a new position in Global X Silver Miners ETF during the first quarter worth about $39,000. Tidemark LLC lifted its stake in Global X Silver Miners ETF by 379.6% during the fourth quarter. Tidemark LLC now owns 1,362 shares of the company’s stock worth $43,000 after purchasing an additional 1,078 shares during the period. Finally, Copia Wealth Management bought a new position in Global X Silver Miners ETF during the fourth quarter worth about $48,000.

Global X Silver Miners ETF Stock Up 0.8%

Shares of SIL opened at $49.09 on Friday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 32.07 and a beta of 0.98. Global X Silver Miners ETF has a 12 month low of $28.02 and a 12 month high of $49.76. The company has a 50-day moving average price of $44.55 and a two-hundred day moving average price of $39.10.

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.