iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Sets New 52-Week High – What’s Next?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICKGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $66.35 and last traded at $66.25, with a volume of 891108 shares changing hands. The stock had previously closed at $65.91.

iShares MSCI Global Metals & Mining Producers ETF Trading Up 0.5%

The company has a 50-day simple moving average of $59.45 and a 200 day simple moving average of $55.16. The company has a market cap of $1.33 billion, a P/E ratio of 13.28 and a beta of 1.08.

Institutional Investors Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Several hedge funds have recently made changes to their positions in PICK. Allied Investment Advisors LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth $3,613,000. Miller Global Investments LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth $1,003,000. Leuthold Group LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth $936,000. Principia Wealth Advisory LLC lifted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 107.1% in the 4th quarter. Principia Wealth Advisory LLC now owns 31,443 shares of the company’s stock worth $1,614,000 after buying an additional 16,259 shares during the period. Finally, Allstate Corp purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth $369,000.

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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