iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Hits New 12-Month High – Here’s Why

Shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.98 and last traded at $37.47, with a volume of 157670 shares trading hands. The stock had previously closed at $38.00.

iShares MSCI Global Metals & Mining Producers ETF Trading Down 1.4 %

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 7.40 and a beta of 1.12. The firm has a fifty day moving average price of $40.26 and a 200 day moving average price of $40.19.

Hedge Funds Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Institutional investors have recently modified their holdings of the stock. Resolute Advisors LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the third quarter worth about $229,000. Erste Asset Management GmbH acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at $296,000. Finally, Family Firm Inc. raised its holdings in iShares MSCI Global Metals & Mining Producers ETF by 11.9% in the 2nd quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock valued at $1,308,000 after acquiring an additional 3,413 shares during the period.

iShares MSCI Global Metals & Mining Producers ETF Company Profile

The iShares MSCI Global Metals & Mining Producers ETF (PICK) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of global metals mining, extraction or production firms, excluding gold and silver mining firms. PICK was launched on Jan 31, 2012 and is managed by BlackRock.