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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)’s stock price reached 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 50 day simple moving average of $40.66 and a 200-day simple moving average of $40.90. The stock has a market capitalization of $1.07 billion, a P/E ratio of 7.40 and a beta of 1.12.

Institutional Investors Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Several institutional investors have recently added to or reduced their stakes in the business. City State Bank bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the second quarter valued at approximately $33,000. Resolute Advisors LLC bought a new position in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth approximately $229,000. Erste Asset Management GmbH purchased a new position in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter valued at approximately $296,000. Family Firm Inc. raised its holdings 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 acquiring an additional 3,413 shares during the period. Finally, Strategic Advocates LLC lifted 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 worth $1,379,000 after acquiring an additional 3,951 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.