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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $40.60 and last traded at $40.22, with a volume of 153736 shares changing hands. The stock had previously closed at $40.98.

iShares MSCI Global Metals & Mining Producers ETF Stock Down 1.5 %

The business’s fifty day moving average is $40.56 and its two-hundred day moving average is $40.99. The stock has a market capitalization of $1.05 billion, a PE ratio of 7.40 and a beta of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. City State Bank purchased a new position in iShares MSCI Global Metals & Mining Producers ETF during the second quarter worth $33,000. Resolute Advisors LLC bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at about $229,000. Family Firm Inc. raised its holdings 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 valued at $1,308,000 after acquiring an additional 3,413 shares in the last quarter. Strategic Advocates LLC raised 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 valued at $1,379,000 after acquiring an additional 3,951 shares in the last quarter. Finally, OLD Mission Capital LLC raised its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 814.4% in the first quarter. OLD Mission Capital LLC now owns 500,139 shares of the company’s stock valued at $20,856,000 after acquiring 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.