iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Reaches New 12-Month High – What’s Next?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) shares reached a new 52-week high on Thursday . The company traded as high as $65.81 and last traded at $64.85, with a volume of 198442 shares traded. The stock had previously closed at $64.49.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The stock’s 50-day simple moving average is $59.36 and its two-hundred day simple moving average is $54.61. The firm has a market capitalization of $1.27 billion, a P/E ratio of 13.28 and a beta of 1.08.

Hedge Funds Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Several hedge funds have recently modified their holdings of PICK. Ameriprise Financial Inc. lifted its holdings in shares of 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 buying an additional 3,242 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 30.8% in the third quarter. CoreCap Advisors LLC now owns 72,529 shares of the company’s stock worth $3,228,000 after buying an additional 17,074 shares in the last quarter. Allstate Corp purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth $369,000. Jones Financial Companies Lllp lifted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 40.7% in the third quarter. Jones Financial Companies Lllp now owns 5,754 shares of the company’s stock worth $251,000 after buying an additional 1,665 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter worth $61,000.

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.