Shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK – Get Free Report) dropped 1.3% during mid-day trading on Monday . The stock traded as low as $56.33 and last traded at $56.56. 483,742 shares traded hands during trading, a decline of 41% from the average session volume of 823,090 shares. The stock had previously closed at $57.32.
iShares MSCI Global Metals & Mining Producers ETF Stock Down 1.3%
The stock has a 50-day simple moving average of $62.34 and a 200 day simple moving average of $59.74. The company has a market cap of $1.13 billion, a PE ratio of 13.28 and a beta of 1.08.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of PICK. Vestor Capital LLC acquired a new position in iShares MSCI Global Metals & Mining Producers ETF in the 1st quarter valued at about $11,714,000. Allied Investment Advisors LLC purchased a new position in iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter valued at approximately $3,613,000. CoreCap Advisors LLC grew its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 36.3% in the second quarter. CoreCap Advisors LLC now owns 81,242 shares of the company’s stock worth $4,724,000 after acquiring an additional 21,628 shares in the last quarter. Miller Global Investments LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter worth $1,003,000. Finally, Leuthold Group LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the fourth quarter worth $936,000.
About iShares MSCI Global Metals & Mining Producers ETF
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.
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