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:PICK) were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $35.72 and last traded at $35.38. Approximately 350,422 shares changed hands during mid-day trading, The stock had previously closed at $35.49.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

The firm’s 50 day moving average price is $37.03 and its 200-day moving average price is $38.87. The stock has a market cap of $965.74 million, a P/E ratio of 7.40 and a beta of 1.12.

Institutional Inflows and Outflows

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

About iShares MSCI Global Metals & Mining Producers ETF

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.