iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Sets New 1-Year High – Should You Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) shares reached a new 52-week high on Monday . The stock traded as high as $42.12 and last traded at $42.00, with a volume of 57968 shares traded. The stock had previously closed at $42.14.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The company’s 50-day simple moving average is $39.42 and its two-hundred day simple moving average is $41.26. The firm has a market capitalization of $1.15 billion, a P/E ratio of 7.40 and a beta of 1.12.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PICK. City State Bank purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the second quarter worth $33,000. Leuthold Group LLC grew its stake in iShares MSCI Global Metals & Mining Producers ETF by 4.0% during the first quarter. Leuthold Group LLC now owns 14,531 shares of the company’s stock valued at $606,000 after acquiring an additional 555 shares in the last quarter. Strategic Advocates LLC grew its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 12.2% in the 1st quarter. Strategic Advocates LLC now owns 29,811 shares of the company’s stock worth $1,243,000 after buying an additional 3,236 shares in the last quarter. Family Firm Inc. grew 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 worth $1,308,000 after buying an additional 3,413 shares in the last quarter. Finally, OLD Mission Capital LLC grew its stake 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 worth $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.