Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) Sees Large Volume Increase – Still a Buy?

Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) shares saw unusually-strong trading volume on Wednesday . Approximately 1,089,768 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 1,972,832 shares.The stock last traded at $14.65 and had previously closed at $15.08.

Amplify Junior Silver Miners ETF Stock Down 3.1 %

The firm has a fifty day simple moving average of $12.63 and a 200-day simple moving average of $12.07. The company has a market cap of $1.10 billion, a PE ratio of 0.87 and a beta of 1.29.

Institutional Investors Weigh In On Amplify Junior Silver Miners ETF

Several large investors have recently modified their holdings of SILJ. Pettinga Financial Advisors LLC boosted its holdings in shares of Amplify Junior Silver Miners ETF by 3.3% in the first quarter. Pettinga Financial Advisors LLC now owns 29,743 shares of the company’s stock valued at $295,000 after acquiring an additional 950 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Amplify Junior Silver Miners ETF by 124.6% in the 2nd quarter. Fielder Capital Group LLC now owns 57,167 shares of the company’s stock valued at $647,000 after purchasing an additional 31,710 shares in the last quarter. Cetera Investment Advisers increased its position in Amplify Junior Silver Miners ETF by 48.8% during the 1st quarter. Cetera Investment Advisers now owns 175,207 shares of the company’s stock worth $1,740,000 after purchasing an additional 57,484 shares during the period. J.W. Cole Advisors Inc. acquired a new position in Amplify Junior Silver Miners ETF during the 1st quarter worth approximately $112,000. Finally, Truist Financial Corp purchased a new position in shares of Amplify Junior Silver Miners ETF during the 2nd quarter worth approximately $989,000.

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.