iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Stock Price Up 119.6% – Here’s What Happened

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) shares rose 119.6% during mid-day trading on Friday . The company traded as high as $15.71 and last traded at $33.8610. Approximately 85,956 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 158,912 shares. The stock had previously closed at $15.42.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

The business’s 50 day simple moving average is $30.24 and its 200 day simple moving average is $24.84. The company has a market capitalization of $612.88 million, a PE ratio of 26.00 and a beta of 0.76.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Accordant Advisory Group Inc purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the second quarter valued at $230,000. Ameriprise Financial Inc. grew its holdings in shares of iShares MSCI Global Silver and Metals Miners ETF by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock worth $3,888,000 after purchasing an additional 7,812 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares MSCI Global Silver and Metals Miners ETF by 69.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after purchasing an additional 420 shares during the last quarter. Harbour Trust & Investment Management Co acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the 3rd quarter worth about $251,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter valued at about $114,000.

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.