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

Shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.82 and last traded at $39.18, with a volume of 100493 shares traded. The stock had previously closed at $38.35.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The company has a market cap of $1.07 billion, a P/E ratio of 7.40 and a beta of 1.12. The company has a 50 day moving average of $40.77 and a 200-day moving average of $40.84.

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

A number of institutional investors have recently made changes to their positions in the stock. City State Bank purchased a new position in iShares MSCI Global Metals & Mining Producers ETF in the 2nd quarter worth $33,000. Family Firm Inc. lifted its holdings in iShares MSCI Global Metals & Mining Producers ETF by 11.9% in the second quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock worth $1,308,000 after buying an additional 3,413 shares during the period. Strategic Advocates LLC boosted its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 13.3% during the second quarter. Strategic Advocates LLC now owns 33,762 shares of the company’s stock valued at $1,379,000 after purchasing an additional 3,951 shares in the last quarter. Resolute Advisors LLC bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter valued at $229,000. Finally, Erste Asset Management GmbH bought a new stake in iShares MSCI Global Metals & Mining Producers ETF during the third quarter worth about $296,000.

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.