iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan raised its position in shares of iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,032,992 shares of the company’s stock after purchasing an additional 101,807 shares during the quarter. iShares MSCI Global Metals & Mining Producers ETF accounts for 1.5% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 20th biggest holding. Municipal Employees Retirement System of Michigan owned about 11.11% of iShares MSCI Global Metals & Mining Producers ETF worth $106,124,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Strategic Advocates LLC raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 18.5% during the 4th quarter. Strategic Advocates LLC now owns 38,146 shares of the company’s stock valued at $1,335,000 after purchasing an additional 5,948 shares during the period. JPMorgan Chase & Co. raised its stake in iShares MSCI Global Metals & Mining Producers ETF by 49.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,438 shares of the company’s stock valued at $235,000 after purchasing an additional 1,788 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter valued at $296,000.

iShares MSCI Global Metals & Mining Producers ETF Stock Up 3.4 %

Shares of BATS:PICK opened at $36.69 on Friday. The company’s fifty day moving average is $36.25 and its two-hundred day moving average is $38.29. iShares MSCI Global Metals & Mining Producers ETF has a 12-month low of $34.60 and a 12-month high of $46.40. The company has a market cap of $750.31 million, a P/E ratio of 12.92 and a beta of 1.15.

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.