Barometer Capital Management Inc. Sells 7,600 Shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK)

Barometer Capital Management Inc. cut its position in iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) by 32.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,800 shares of the company’s stock after selling 7,600 shares during the period. Barometer Capital Management Inc.’s holdings in iShares MSCI Global Metals & Mining Producers ETF were worth $681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 140.9% in the fourth quarter. NBC Securities Inc. now owns 843 shares of the company’s stock valued at $36,000 after purchasing an additional 493 shares in the last quarter. Resolute Advisors LLC raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 5.7% in the fourth quarter. Resolute Advisors LLC now owns 6,173 shares of the company’s stock valued at $266,000 after purchasing an additional 334 shares in the last quarter. New York State Common Retirement Fund acquired a new position in iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at about $481,000. Leuthold Group LLC raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 9.8% during the fourth quarter. Leuthold Group LLC now owns 13,976 shares of the company’s stock worth $602,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Heritage Wealth Advisors acquired a new position in iShares MSCI Global Metals & Mining Producers ETF during the fourth quarter worth about $1,094,000.

iShares MSCI Global Metals & Mining Producers ETF Trading Down 3.0 %

BATS PICK traded down $1.28 during trading on Tuesday, hitting $41.06. 85,224 shares of the company’s stock were exchanged. The company has a market cap of $1.12 billion, a PE ratio of 7.40 and a beta of 1.12. The stock’s 50 day moving average price is $43.48 and its two-hundred day moving average price is $41.72. iShares MSCI Global Metals & Mining Producers ETF has a fifty-two week low of $25.02 and a fifty-two week high of $37.91.

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.