iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Trading Down 4.1% – Here’s What Happened

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s stock 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 changed hands during 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 Price Performance

The stock has a 50 day moving average price of $32.32 and a 200-day moving average price of $35.99. The stock has a market capitalization of $729.97 million, a price-to-earnings ratio of 26.00 and a beta of 0.76.

Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position 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 acquiring an additional 7,812 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter valued at approximately $114,000. Main Street Group LTD acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF in the 1st quarter valued at approximately $56,000. Finally, JPMorgan Chase & Co. raised its position in iShares MSCI Global Silver and Metals Miners ETF by 69.8% in the third quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock valued at $28,000 after purchasing an additional 420 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.