Confluence Investment Management LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 148,265 shares of the company’s stock, valued at approximately $8,890,000. Confluence Investment Management LLC owned about 0.74% of iShares MSCI Global Metals & Mining Producers ETF at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Resolute Advisors LLC grew its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 2.4% during the 1st quarter. Resolute Advisors LLC now owns 9,697 shares of the company’s stock worth $549,000 after acquiring an additional 223 shares during the period. Parallel Advisors LLC raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 116.2% in the 1st quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock valued at $43,000 after acquiring an additional 408 shares during the period. Sunbelt Securities Inc. lifted its holdings in iShares MSCI Global Metals & Mining Producers ETF by 104.0% during the first quarter. Sunbelt Securities Inc. now owns 1,334 shares of the company’s stock valued at $75,000 after purchasing an additional 680 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in iShares MSCI Global Metals & Mining Producers ETF during the first quarter valued at about $59,000. Finally, Everett Harris & Co. CA bought a new position in iShares MSCI Global Metals & Mining Producers ETF during the fourth quarter worth about $205,000.
iShares MSCI Global Metals & Mining Producers ETF Price Performance
Shares of PICK traded down $0.91 during trading hours on Thursday, hitting $59.05. The company’s stock had a trading volume of 536,053 shares, compared to its average volume of 779,797. The business has a 50 day simple moving average of $62.57 and a two-hundred day simple moving average of $61.25. iShares MSCI Global Metals & Mining Producers ETF has a 52-week low of $44.06 and a 52-week high of $69.02. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08.
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.
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