iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Shares Down 1.2% – What’s Next?

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s share price dropped 1.2% during trading on Monday . The stock traded as low as $38.63 and last traded at $39.45. Approximately 290,364 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 872,414 shares. The stock had previously closed at $39.91.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The company has a market capitalization of $692.87 million, a PE ratio of 26.00 and a beta of 0.76. The company’s 50 day simple moving average is $38.87 and its 200 day simple moving average is $35.18.

Hedge Funds Weigh In On iShares MSCI Global Silver and Metals Miners ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc increased its stake in iShares MSCI Global Silver and Metals Miners ETF by 2.6% in the fourth quarter. Accordant Advisory Group Inc now owns 8,716 shares of the company’s stock valued at $299,000 after purchasing an additional 221 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 420 shares during the period. Bogart Wealth LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at approximately $86,000. Finally, Jeppson Wealth Management LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at approximately $215,000.

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.