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

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 $39.57 and last traded at $39.49, with a volume of 95016 shares trading hands. The stock had previously closed at $39.30.

iShares MSCI Global Metals & Mining Producers ETF Trading Up 0.5 %

The stock’s fifty day simple moving average is $40.87 and its 200 day simple moving average is $40.75. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 7.40 and a beta of 1.12.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. City State Bank purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the second quarter valued at about $33,000. Strategic Advocates LLC grew its position in iShares MSCI Global Metals & Mining Producers ETF by 13.3% in the second quarter. Strategic Advocates LLC now owns 33,762 shares of the company’s stock worth $1,379,000 after acquiring an additional 3,951 shares during the period. Family Firm Inc. increased its stake in iShares MSCI Global Metals & Mining Producers ETF by 11.9% during the second quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock worth $1,308,000 after acquiring an additional 3,413 shares during the last quarter. Resolute Advisors LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at $229,000. Finally, Erste Asset Management GmbH acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter valued at $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.