Municipal Employees Retirement System of Michigan Has $136.51 Million Stock Position in iShares MSCI Global Metals & Mining Producers ETF $PICK

Municipal Employees Retirement System of Michigan lowered its stake in shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 makes up 1.5% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 16th biggest holding. Municipal Employees Retirement System of Michigan owned about 13.29% of iShares MSCI Global Metals & Mining Producers ETF worth $136,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth about $61,000. Advisors Preferred LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter worth about $155,000. Cooper Investors PTY Ltd. acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth about $216,000. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 40.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,754 shares of the company’s stock worth $251,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth about $325,000.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

BATS:PICK opened at $63.57 on Friday. iShares MSCI Global Metals & Mining Producers ETF has a 52 week low of $35.51 and a 52 week high of $67.90. The firm has a 50-day moving average price of $60.09 and a two-hundred day moving average price of $56.08. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08.

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.