iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Trading 2.8% Higher – Here’s What Happened

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s stock price shot up 2.8% during mid-day trading on Wednesday . The company traded as high as $43.53 and last traded at $43.17. 679,081 shares were traded during trading, a decline of 53% from the average session volume of 1,446,051 shares. The stock had previously closed at $41.98.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The company has a market capitalization of $781.38 million, a price-to-earnings ratio of 26.00 and a beta of 0.76. The business’s 50 day simple moving average is $37.85 and its 200 day simple moving average is $29.42.

Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new position in iShares MSCI Global Silver and Metals Miners ETF in the third quarter valued at $27,000. JPMorgan Chase & Co. grew its stake in iShares MSCI Global Silver and Metals Miners ETF by 69.8% in the third quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after purchasing an additional 420 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth approximately $86,000. Jeppson Wealth Management LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the 4th quarter worth approximately $215,000. Finally, EverSource Wealth Advisors LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter valued at about $114,000.

iShares MSCI Global Silver and Metals Miners ETF Company Profile

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.