iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Shares Up 74.6% – Should You Buy?

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)’s share price shot up 74.6% during trading on Thursday . The stock traded as high as $36.23 and last traded at $61.9740. 350,422 shares were traded during trading, an increase of 33% from the average session volume of 263,040 shares. The stock had previously closed at $35.49.

iShares MSCI Global Metals & Mining Producers ETF Trading Up 63.3%

The stock has a market cap of $1.16 billion, a PE ratio of 13.28 and a beta of 1.08. The firm has a fifty day simple moving average of $52.61 and a two-hundred day simple moving average of $46.24.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ethos Financial Group LLC purchased a new position in iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter worth $325,000. Cooper Investors PTY Ltd. bought a new stake in iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at approximately $216,000. CoreCap Advisors LLC boosted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 0.7% during the fourth quarter. CoreCap Advisors LLC now owns 73,035 shares of the company’s stock valued at $3,750,000 after purchasing an additional 506 shares during the period. Miller Global Investments LLC purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter worth $1,003,000. Finally, Ameriprise Financial Inc. raised its holdings in iShares MSCI Global Metals & Mining Producers ETF by 6.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 92,778 shares of the company’s stock valued at $4,123,000 after buying an additional 5,525 shares during the last quarter.

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.