iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Trading Down 0.7% – Here’s What Happened

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) fell 0.7% during trading on Tuesday . The stock traded as low as $40.20 and last traded at $40.28. 129,075 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 568,696 shares. The stock had previously closed at $40.58.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The firm’s 50 day moving average price is $34.87 and its 200 day moving average price is $35.99. The stock has a market capitalization of $709.88 million, a P/E ratio of 26.00 and a beta of 0.76.

Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of 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 worth $28,000 after acquiring an additional 420 shares in the last quarter. Main Street Group LTD purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the first quarter worth about $56,000. EverSource Wealth Advisors LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the second quarter worth about $114,000. Finally, Ameriprise Financial Inc. increased its stake in shares of iShares MSCI Global Silver and Metals Miners ETF by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock valued at $3,888,000 after purchasing an additional 7,812 shares in the last quarter.

iShares MSCI Global Silver and Metals Miners ETF Company Profile

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.