iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Trading Up 3.4% – Still a Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) rose 3.4% on Monday . The company traded as high as $36.23 and last traded at $36.69. Approximately 350,422 shares traded hands during mid-day trading, The stock had previously closed at $35.49.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The company has a market capitalization of $750.23 million, a P/E ratio of 13.64 and a beta of 1.17. The firm has a fifty day moving average price of $36.00 and a 200-day moving average price of $38.47.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Hedge funds have recently made changes to their positions in the company. Resolute Advisors LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth about $229,000. Erste Asset Management GmbH purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF during the third quarter valued at about $296,000. JPMorgan Chase & Co. boosted its position in iShares MSCI Global Metals & Mining Producers ETF by 49.0% during the third quarter. JPMorgan Chase & Co. now owns 5,438 shares of the company’s stock worth $235,000 after purchasing an additional 1,788 shares during the period. Strategic Advocates LLC increased its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 18.5% in the fourth quarter. Strategic Advocates LLC now owns 38,146 shares of the company’s stock worth $1,335,000 after purchasing an additional 5,948 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 3.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 3,032,992 shares of the company’s stock valued at $106,124,000 after purchasing an additional 101,807 shares during the period.

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.