iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Hits New 12-Month High – Time to Buy?

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 $42.12 and last traded at $42.00, with a volume of 57968 shares trading hands. The stock had previously closed at $42.14.

iShares MSCI Global Metals & Mining Producers ETF Stock Up 0.7 %

The stock has a market cap of $1.13 billion, a P/E ratio of 7.40 and a beta of 1.12. The company’s 50 day moving average price is $39.60 and its 200-day moving average price is $41.26.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. City State Bank bought a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the 2nd quarter valued at approximately $33,000. Leuthold Group LLC increased its stake in shares of 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 worth $606,000 after purchasing an additional 555 shares in the last quarter. Family Firm Inc. increased its stake in shares of 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 purchasing an additional 3,413 shares in the last quarter. Strategic Advocates LLC raised its position in shares of 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 valued at $1,379,000 after purchasing an additional 3,951 shares during the period. Finally, OLD Mission Capital LLC lifted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 814.4% during the 1st quarter. OLD Mission Capital LLC now owns 500,139 shares of the company’s stock valued at $20,856,000 after buying an additional 445,441 shares in the last quarter.

About iShares MSCI Global Metals & Mining Producers ETF

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.