iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Trading Up 18% – Time to Buy?

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) shares were up 18% on Monday . The stock traded as high as $12.72 and last traded at $14.62. Approximately 110,600 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 157,393 shares. The stock had previously closed at $12.39.

iShares MSCI Global Silver and Metals Miners ETF Stock Up 18.0%

The company has a market capitalization of $255.76 million, a price-to-earnings ratio of 29.66 and a beta of 0.78. The company’s 50 day simple moving average is $14.93 and its two-hundred day simple moving average is $13.65.

Institutional Investors Weigh In On iShares MSCI Global Silver and Metals Miners ETF

A hedge fund recently bought a new stake in iShares MSCI Global Silver and Metals Miners ETF stock. Bank of New York Mellon Corp acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,404 shares of the company’s stock, valued at approximately $201,000. Bank of New York Mellon Corp owned 0.08% of iShares MSCI Global Silver and Metals Miners ETF at the end of the most recent quarter.

About iShares MSCI Global Silver and Metals Miners ETF

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.