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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) hit a new 52-week high during trading on Monday . The company traded as high as $37.98 and last traded at $37.47, with a volume of 157670 shares traded. The stock had previously closed at $38.00.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

The firm’s fifty day simple moving average is $40.26 and its 200 day simple moving average is $40.19. The stock has a market capitalization of $1.02 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Family Firm Inc. boosted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 11.9% in 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 during the last quarter. Resolute Advisors LLC bought a new position in iShares MSCI Global Metals & Mining Producers ETF during the third quarter valued at $229,000. Finally, Erste Asset Management GmbH bought a new stake in iShares MSCI Global Metals & Mining Producers ETF during 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.