iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Stock Price Down 1.3% – Here’s What Happened

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICKGet Free Report) shares traded down 1.3% during trading on Monday . The stock traded as low as $56.33 and last traded at $56.56. Approximately 483,742 shares traded hands during trading, a decline of 41% from the average daily volume of 823,090 shares. The stock had previously closed at $57.32.

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

The company has a market cap of $1.13 billion, a PE ratio of 13.28 and a beta of 1.08. The company has a fifty day simple moving average of $62.34 and a two-hundred day simple moving average of $59.74.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in iShares MSCI Global Metals & Mining Producers ETF by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 87,253 shares of the company’s stock worth $3,281,000 after acquiring an additional 3,242 shares during the last quarter. Miller Global Investments LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter valued at $1,003,000. CoreCap Advisors LLC raised its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 0.7% in the 4th quarter. CoreCap Advisors LLC now owns 73,035 shares of the company’s stock valued at $3,750,000 after purchasing an additional 506 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter worth $216,000. Finally, Ethos Financial Group LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the fourth quarter worth $325,000.

About iShares MSCI Global Metals & Mining Producers ETF

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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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