Van ECK Associates Corp Purchases 9,856 Shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)

Van ECK Associates Corp lifted its position in shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) by 19.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,292 shares of the company’s stock after buying an additional 9,856 shares during the quarter. Van ECK Associates Corp’s holdings in iShares MSCI Global Metals & Mining Producers ETF were worth $2,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PICK. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 5.1% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 121,053 shares of the company’s stock worth $5,207,000 after acquiring an additional 5,900 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth approximately $930,000. New York State Common Retirement Fund acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth approximately $481,000. Finally, Resolute Advisors LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth approximately $232,000.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

Shares of PICK opened at $43.82 on Wednesday. iShares MSCI Global Metals & Mining Producers ETF has a 52-week low of $25.02 and a 52-week high of $37.91. The business’s 50 day moving average price is $41.81 and its two-hundred day moving average price is $40.82. The firm has a market cap of $1.19 billion, a PE ratio of 7.16 and a beta of 1.20.

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.