iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Reaches New 1-Year High – What’s Next?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) reached 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 changing hands. The stock had previously closed at $38.00.

iShares MSCI Global Metals & Mining Producers ETF Trading Down 0.8 %

The stock has a market capitalization of $999.45 million, a price-to-earnings ratio of 7.40 and a beta of 1.12. The company’s 50 day moving average is $39.95 and its 200 day moving average is $40.07.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. boosted its stake in shares of 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 buying an additional 3,413 shares during the period. Erste Asset Management GmbH acquired a new stake in iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at about $296,000. Finally, Resolute Advisors LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter valued at approximately $229,000.

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.