iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Hits New 1-Year High – Should You Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $64.45 and last traded at $64.0860, with a volume of 332471 shares changing hands. The stock had previously closed at $62.86.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The company has a market cap of $1.29 billion, a PE ratio of 13.28 and a beta of 1.08. The company has a 50-day moving average of $57.35 and a 200 day moving average of $49.08.

Hedge Funds Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Several large investors have recently modified their holdings of PICK. Sunbelt Securities Inc. raised its holdings in iShares MSCI Global Metals & Mining Producers ETF by 77.7% during the 4th quarter. Sunbelt Securities Inc. now owns 654 shares of the company’s stock valued at $34,000 after buying an additional 286 shares during the period. Rothschild Investment LLC bought a new position in iShares MSCI Global Metals & Mining Producers ETF during the third quarter valued at $61,000. Advisors Preferred LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at $155,000. Everett Harris & Co. CA bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth about $205,000. Finally, Cooper Investors PTY Ltd. bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth about $216,000.

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.