Bill:
I have been a member for several years and a recent contributor to the cause. The Global X Silver Mining ETF which was started in April 2010 has interested me greatly since I own a number of stocks in their portfolio that has grown in value since inception to over $373 million.
At random, I took down their portfolio for 10/17 and again for 12/31. The fund was up $126 million in value over that time, but what caught my eye was the increase in the number of shares held in a few stocks of interest.
| Stock |
Shares held 10/17 |
Shares Held 12/31 |
Increase |
| ECU |
2,212,000 |
4,265,000 |
2,053,700 |
| First Majestic |
655,700 |
4,276,000 |
620,300 |
| Mines Management |
134,000 |
264,000 |
130,000 |
This means on average for 11 weeks they bought 186,000 shares of ECU, 56,400 shares of First Majestic, and 11,800 shares of mine management. This is pretty nice upside pressure, especially if you have a small float.
P. W. Hallenbeck
