iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP – Get Free Report) dropped 0.7% on Tuesday . The stock traded as low as $40.20 and last traded at $40.28. Approximately 129,075 shares changed hands during trading, a decline of 77% from the average daily volume of 568,696 shares. The stock had previously closed at $40.58.
iShares MSCI Global Silver and Metals Miners ETF Price Performance
The business has a 50-day simple moving average of $34.67 and a 200-day simple moving average of $36.00. The firm has a market capitalization of $729.07 million, a PE ratio of 26.00 and a beta of 0.76.
Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in 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 valued at $28,000 after buying an additional 420 shares during the period. Main Street Group LTD bought a new position in iShares MSCI Global Silver and Metals Miners ETF during the first quarter valued at $56,000. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the second quarter valued at $114,000. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares MSCI Global Silver and Metals Miners ETF by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock valued at $3,888,000 after acquiring an additional 7,812 shares during the period.
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.
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