iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Sets New 52-Week High – Should You Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)’s stock price hit a new 52-week high on Monday . The stock traded as high as $39.57 and last traded at $39.49, with a volume of 95016 shares traded. The stock had previously closed at $39.30.

iShares MSCI Global Metals & Mining Producers ETF Trading Up 1.3 %

The business’s 50-day simple moving average is $40.91 and its 200-day simple moving average is $40.68. The company has a market capitalization of $1.07 billion, a PE ratio of 7.40 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PICK. Erste Asset Management GmbH purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth about $296,000. Resolute Advisors LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter valued at $229,000. Family Firm Inc. boosted its holdings in iShares MSCI Global Metals & Mining Producers ETF by 11.9% during the second quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock worth $1,308,000 after buying an additional 3,413 shares in the last quarter. Strategic Advocates LLC grew its position in iShares MSCI Global Metals & Mining Producers ETF by 13.3% during the second quarter. Strategic Advocates LLC now owns 33,762 shares of the company’s stock valued at $1,379,000 after buying an additional 3,951 shares during the period. Finally, City State Bank acquired a new stake in iShares MSCI Global Metals & Mining Producers ETF during the second quarter valued at $33,000.

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.