Municipal Employees Retirement System of Michigan Sells 374,136 Shares of iShares MSCI Global Metals & Mining Producers ETF $PICK

Municipal Employees Retirement System of Michigan cut its holdings in iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) by 12.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,658,856 shares of the company’s stock after selling 374,136 shares during the period. iShares MSCI Global Metals & Mining Producers ETF accounts for 1.5% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 16th largest holding. Municipal Employees Retirement System of Michigan owned 0.13% of iShares MSCI Global Metals & Mining Producers ETF worth $136,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in iShares MSCI Global Metals & Mining Producers ETF by 6.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 92,778 shares of the company’s stock worth $4,123,000 after buying an additional 5,525 shares during the period. CoreCap Advisors LLC lifted its stake in iShares MSCI Global Metals & Mining Producers ETF by 0.7% in the 4th quarter. CoreCap Advisors LLC now owns 73,035 shares of the company’s stock worth $3,750,000 after purchasing an additional 506 shares in the last quarter. Miller Global Investments LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth approximately $1,003,000. Leuthold Group LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth approximately $936,000. Finally, Allstate Corp purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth approximately $369,000.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

BATS PICK opened at $63.57 on Friday. iShares MSCI Global Metals & Mining Producers ETF has a 1 year low of $35.51 and a 1 year high of $67.90. The stock has a market capitalization of $1.27 billion, a PE ratio of 13.28 and a beta of 1.08. The company’s 50 day simple moving average is $60.09 and its two-hundred day simple moving average is $56.08.

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.