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

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s share price shot up 0.7% on Tuesday. The company traded as high as $35.63 and last traded at $35.62. Approximately 232,688 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 539,451 shares. The stock had previously closed at $35.36.

iShares MSCI Global Silver and Metals Miners ETF Stock Performance

The firm’s 50-day simple moving average is $36.87 and its 200 day simple moving average is $35.43. The stock has a market capitalization of $644.72 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

An institutional investor recently bought a new position in iShares MSCI Global Silver and Metals Miners ETF stock. Main Street Group LTD acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,590 shares of the company’s stock, valued at approximately $56,000.

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.