iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Trading 5.2% Higher – Still a Buy?

Shares of iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) traded up 5.2% during mid-day trading on Monday . The stock traded as high as $41.04 and last traded at $40.76. 686,111 shares traded hands during trading, a decline of 13% from the average session volume of 792,227 shares. The stock had previously closed at $38.76.

iShares MSCI Global Silver and Metals Miners ETF Trading Up 5.2%

The firm has a market capitalization of $737.76 million, a price-to-earnings ratio of 26.00 and a beta of 0.76. The company has a 50-day moving average of $37.60 and a 200-day moving average of $35.87.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc grew its stake in iShares MSCI Global Silver and Metals Miners ETF by 2.6% during the 4th quarter. Accordant Advisory Group Inc now owns 8,716 shares of the company’s stock worth $299,000 after buying an additional 221 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares MSCI Global Silver and Metals Miners ETF by 69.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after buying an additional 420 shares during the last quarter. Bogart Wealth LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF during the 3rd quarter worth $27,000. Main Street Group LTD bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the first quarter worth $56,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter worth $86,000.

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.