iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Trading Up 72.2% – Time to Buy?

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s share price were up 72.2% during trading on Friday . The stock traded as high as $15.71 and last traded at $26.5560. Approximately 85,956 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 158,912 shares. The stock had previously closed at $15.42.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The stock has a market capitalization of $480.66 million, a P/E ratio of 26.00 and a beta of 0.76. The firm has a 50-day simple moving average of $25.74 and a 200 day simple moving average of $20.21.

Hedge Funds Weigh In On iShares MSCI Global Silver and Metals Miners ETF

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the 1st quarter worth $201,000. Harbour Trust & Investment Management Co bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the 3rd quarter worth $251,000. Ameriprise Financial Inc. raised its holdings in iShares MSCI Global Silver and Metals Miners ETF by 3.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock worth $3,888,000 after purchasing an additional 7,812 shares during the period. Accordant Advisory Group Inc bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter worth $230,000. Finally, EverSource Wealth Advisors LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter worth $114,000.

About iShares MSCI Global Silver and Metals Miners ETF

The iShares MSCI Global Silver and Metals Miners ETF (SLVP) is an exchange-traded fund that is based on the MSCI ACWI Select Silver Miners IMI index, a market-cap-weighted index of global companies that earn the majority of their revenues from silver mining. SLVP was launched on Jan 31, 2012 and is managed by BlackRock.