iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Trading Up 8.5% – Here’s Why

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)’s share price were up 8.5% on Monday . The company traded as high as $36.23 and last traded at $38.51. Approximately 350,422 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 263,040 shares. The stock had previously closed at $35.49.

iShares MSCI Global Metals & Mining Producers ETF Trading Up 8.5%

The company has a market capitalization of $770.20 million, a PE ratio of 13.28 and a beta of 1.08. The stock’s 50-day moving average is $38.18 and its two-hundred day moving average is $36.70.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PICK. TLS Advisors LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 1st quarter worth about $7,158,000. Allied Investment Advisors LLC grew its stake in iShares MSCI Global Metals & Mining Producers ETF by 109.4% in the 2nd quarter. Allied Investment Advisors LLC now owns 67,916 shares of the company’s stock worth $2,554,000 after acquiring an additional 35,489 shares in the last quarter. Baird Financial Group Inc. bought a new position in iShares MSCI Global Metals & Mining Producers ETF in the 1st quarter worth about $872,000. BNP Paribas Financial Markets grew its stake in iShares MSCI Global Metals & Mining Producers ETF by 54.6% in the 4th quarter. BNP Paribas Financial Markets now owns 49,219 shares of the company’s stock worth $1,722,000 after acquiring an additional 17,389 shares in the last quarter. Finally, Family Firm Inc. grew its stake in iShares MSCI Global Metals & Mining Producers ETF by 3.3% in the 1st quarter. Family Firm Inc. now owns 34,441 shares of the company’s stock worth $1,236,000 after acquiring an additional 1,116 shares in 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.