iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Stock Price Up 3.1% – Still a Buy?

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s share price were up 3.1% during trading on Tuesday . The stock traded as high as $42.58 and last traded at $41.71. Approximately 414,367 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,123,697 shares. The stock had previously closed at $40.47.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The firm has a market capitalization of $754.95 million, a P/E ratio of 26.00 and a beta of 0.76. The firm has a 50-day moving average price of $41.34 and a two-hundred day moving average price of $32.62.

Institutional Investors Weigh In On iShares MSCI Global Silver and Metals Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc boosted its position in iShares MSCI Global Silver and Metals Miners ETF by 2.6% in the 4th quarter. Accordant Advisory Group Inc now owns 8,716 shares of the company’s stock valued at $299,000 after buying an additional 221 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares MSCI Global Silver and Metals Miners ETF by 69.8% during the third quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after acquiring an additional 420 shares during the period. Bogart Wealth LLC bought a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter valued at approximately $86,000. Finally, Jeppson Wealth Management LLC purchased a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at approximately $215,000.

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.