iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Reaches New 52-Week High at $40.61

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICKGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $40.61 and last traded at $40.51, with a volume of 234609 shares trading hands. The stock had previously closed at $40.69.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The stock’s 50-day moving average price is $43.22 and its 200-day moving average price is $41.72. The company has a market cap of $1.11 billion, a P/E ratio of 7.40 and a beta of 1.12.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. increased its stake in iShares MSCI Global Metals & Mining Producers ETF by 140.9% in the fourth quarter. NBC Securities Inc. now owns 843 shares of the company’s stock valued at $36,000 after acquiring an additional 493 shares during the last quarter. Resolute Advisors LLC increased its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 5.7% in the 4th quarter. Resolute Advisors LLC now owns 6,173 shares of the company’s stock valued at $266,000 after purchasing an additional 334 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter worth $481,000. Leuthold Group LLC boosted its stake in iShares MSCI Global Metals & Mining Producers ETF by 9.8% in the fourth quarter. Leuthold Group LLC now owns 13,976 shares of the company’s stock valued at $602,000 after buying an additional 1,249 shares in the last quarter. Finally, Heritage Wealth Advisors bought a new position in iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at about $1,094,000.

About iShares MSCI Global Metals & Mining Producers ETF

(Get Free Report)

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.

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