iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Stock Price Down 4.1% – Here’s What Happened

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVPGet Free Report) fell 4.1% during mid-day trading on Tuesday . The company traded as low as $35.91 and last traded at $35.98. Approximately 617,712 shares were traded during trading, an increase of 5% from the average session volume of 585,893 shares. The stock had previously closed at $37.51.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The stock’s 50-day moving average is $32.11 and its 200 day moving average is $36.03. The company has a market cap of $651.24 million, a PE ratio of 26.00 and a beta of 0.76.

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

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Global Silver and Metals Miners ETF by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock worth $3,888,000 after acquiring an additional 7,812 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF in the second quarter valued at approximately $114,000. Jeppson Wealth Management LLC acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth approximately $215,000. Main Street Group LTD purchased a new position in shares of iShares MSCI Global Silver and Metals Miners ETF during the 1st quarter valued at approximately $56,000. Finally, JPMorgan Chase & Co. grew its stake in iShares MSCI Global Silver and Metals Miners ETF by 69.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock valued at $28,000 after acquiring an additional 420 shares during the period.

About iShares MSCI Global Silver and Metals Miners ETF

(Get Free Report)

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.

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