iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Hits New 52-Week High – What’s Next?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $41.60 and last traded at $41.08, with a volume of 223036 shares trading hands. The stock had previously closed at $41.49.

iShares MSCI Global Metals & Mining Producers ETF Trading Down 1.6 %

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.40 and a beta of 1.12. The firm has a 50-day moving average of $40.02 and a 200 day moving average of $41.21.

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

A number of institutional investors have recently added to or reduced their stakes in the company. City State Bank acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the second quarter valued at about $33,000. Leuthold Group LLC boosted its holdings in iShares MSCI Global Metals & Mining Producers ETF by 4.0% in the first quarter. Leuthold Group LLC now owns 14,531 shares of the company’s stock valued at $606,000 after purchasing an additional 555 shares during the last quarter. Family Firm Inc. grew its stake in iShares MSCI Global Metals & Mining Producers ETF by 11.9% during the 2nd quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock valued at $1,308,000 after purchasing an additional 3,413 shares in the last quarter. Strategic Advocates LLC increased its holdings in iShares MSCI Global Metals & Mining Producers ETF by 13.3% during the 2nd quarter. Strategic Advocates LLC now owns 33,762 shares of the company’s stock worth $1,379,000 after purchasing an additional 3,951 shares during the last quarter. Finally, OLD Mission Capital LLC raised its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 814.4% in the 1st quarter. OLD Mission Capital LLC now owns 500,139 shares of the company’s stock valued at $20,856,000 after purchasing an additional 445,441 shares in the last quarter.

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.