iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Shares Down 4.1% – Time to Sell?

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s share price were down 4.1% during trading on Tuesday . The stock traded as low as $35.91 and last traded at $35.98. Approximately 617,712 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 585,893 shares. The stock had previously closed at $37.51.

iShares MSCI Global Silver and Metals Miners ETF Trading Down 4.1%

The firm’s fifty day moving average is $32.11 and its 200-day moving average is $36.03. The stock has a market capitalization of $651.24 million, a PE ratio of 26.00 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings 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 valued at $28,000 after buying an additional 420 shares during the period. Main Street Group LTD purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF during the first quarter worth about $56,000. Jeppson Wealth Management LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth about $215,000. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the second quarter worth about $114,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Global Silver and Metals Miners ETF by 3.7% in 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 during the period.

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.