iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Reaches New 52-Week High – Should You Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.81 and last traded at $40.69, with a volume of 431536 shares traded. The stock had previously closed at $40.59.

iShares MSCI Global Metals & Mining Producers ETF Stock Up 0.2 %

The firm has a fifty day moving average of $40.30 and a 200-day moving average of $41.08. The firm has a market cap of $1.11 billion, a P/E ratio of 7.40 and a beta of 1.12.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Hedge funds have recently modified their holdings of the stock. City State Bank acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 2nd quarter valued at approximately $33,000. Resolute Advisors LLC acquired a new position in iShares MSCI Global Metals & Mining Producers ETF during the third quarter valued at approximately $229,000. Leuthold Group LLC lifted its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 4.0% during the 1st quarter. Leuthold Group LLC now owns 14,531 shares of the company’s stock worth $606,000 after buying an additional 555 shares during the last quarter. Family Firm Inc. raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 11.9% during the second quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock worth $1,308,000 after acquiring an additional 3,413 shares in the last quarter. Finally, Strategic Advocates LLC lifted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 13.3% in 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 during 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.