iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Shares Down 0.7% – Should You Sell?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) traded down 0.7% during trading on Thursday . The stock traded as low as $59.13 and last traded at $60.20. 548,478 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,185,466 shares. The stock had previously closed at $60.63.

iShares MSCI Global Metals & Mining Producers ETF Trading Down 0.7%

The company’s 50 day simple moving average is $55.99 and its 200-day simple moving average is $48.24. The firm has a market cap of $1.20 billion, a P/E ratio of 13.28 and a beta of 1.08.

Institutional Investors Weigh In On iShares MSCI Global Metals & Mining Producers ETF

A number of hedge funds have recently added to or reduced their stakes in PICK. Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 6.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 92,778 shares of the company’s stock worth $4,123,000 after buying an additional 5,525 shares during the last quarter. CoreCap Advisors LLC increased its position in iShares MSCI Global Metals & Mining Producers ETF by 0.7% during the fourth quarter. CoreCap Advisors LLC now owns 73,035 shares of the company’s stock valued at $3,750,000 after acquiring an additional 506 shares during the last quarter. Allied Investment Advisors LLC bought a new position in iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at about $3,613,000. Fifth Third Securities Inc. bought a new position in iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at about $1,720,000. Finally, Family Firm Inc. boosted its position in iShares MSCI Global Metals & Mining Producers ETF by 7.6% in the second quarter. Family Firm Inc. now owns 37,064 shares of the company’s stock worth $1,394,000 after purchasing an additional 2,623 shares during the last quarter.

iShares MSCI Global Metals & Mining Producers ETF Company Profile

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.