iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Shares Up 74.6% – Here’s Why

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICKGet Free Report)’s share price were up 74.6% during trading on Thursday . The company traded as high as $36.23 and last traded at $61.9740. Approximately 350,422 shares changed hands 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 Stock Up 74.6%

The firm has a market cap of $1.24 billion, a PE ratio of 13.28 and a beta of 1.08. The stock has a 50 day moving average price of $52.35 and a two-hundred day moving average price of $46.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Securities Inc. purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the third quarter valued at $1,720,000. Allied Investment Advisors LLC grew its stake in iShares MSCI Global Metals & Mining Producers ETF by 109.4% during the 2nd quarter. Allied Investment Advisors LLC now owns 67,916 shares of the company’s stock valued at $2,554,000 after purchasing an additional 35,489 shares during the last quarter. Miller Global Investments LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at about $1,003,000. CoreCap Advisors LLC increased its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 30.8% in the third quarter. CoreCap Advisors LLC now owns 72,529 shares of the company’s stock valued at $3,228,000 after purchasing an additional 17,074 shares during the period. Finally, Allstate Corp purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth about $369,000.

About iShares MSCI Global Metals & Mining Producers ETF

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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.

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