iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Reaches New 52-Week High – Should You Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) shares hit a new 52-week high on Monday . The company traded as high as $39.57 and last traded at $39.49, with a volume of 95016 shares trading hands. The stock had previously closed at $39.30.

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

The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 7.40 and a beta of 1.12. The company’s fifty day moving average is $40.87 and its two-hundred day moving average is $40.75.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Several hedge funds have recently modified their holdings of PICK. City State Bank acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the 2nd quarter worth about $33,000. Resolute Advisors LLC acquired a new stake in iShares MSCI Global Metals & Mining Producers ETF during the third quarter worth approximately $229,000. Erste Asset Management GmbH purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter worth approximately $296,000. Family Firm Inc. boosted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 11.9% in the 2nd quarter. Family Firm Inc. now owns 32,041 shares of the company’s stock valued at $1,308,000 after buying an additional 3,413 shares in the last quarter. Finally, Strategic Advocates LLC grew its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 13.3% in the 2nd quarter. Strategic Advocates LLC now owns 33,762 shares of the company’s stock valued at $1,379,000 after buying an additional 3,951 shares during the last quarter.

iShares MSCI Global Metals & Mining Producers ETF Company Profile

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.