iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Stock Price Down 0.3% – Should You Sell?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICKGet Free Report) shares dropped 0.3% on Tuesday . The company traded as low as $35.72 and last traded at $35.38. Approximately 350,422 shares were traded during trading, The stock had previously closed at $35.49.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

The company has a market cap of $965.74 million, a P/E ratio of 7.40 and a beta of 1.12. The business’s fifty day moving average is $37.03 and its two-hundred day moving average is $38.87.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Erste Asset Management GmbH purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth approximately $296,000. Resolute Advisors LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter worth approximately $229,000. JPMorgan Chase & Co. grew its position in iShares MSCI Global Metals & Mining Producers ETF by 49.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,438 shares of the company’s stock worth $235,000 after purchasing an additional 1,788 shares during the last quarter. Finally, Strategic Advocates LLC grew its position in iShares MSCI Global Metals & Mining Producers ETF by 18.5% during the 4th quarter. Strategic Advocates LLC now owns 38,146 shares of the company’s stock worth $1,335,000 after purchasing an additional 5,948 shares during the last quarter.

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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