iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Stock Price Up 2.8% – What’s Next?

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)’s stock price were up 2.8% during trading on Wednesday . The company traded as high as $43.53 and last traded at $43.17. Approximately 679,081 shares traded hands during trading, a decline of 53% from the average daily volume of 1,446,051 shares. The stock had previously closed at $41.98.

iShares MSCI Global Silver and Metals Miners ETF Stock Performance

The firm has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $29.42. The company has a market capitalization of $781.38 million, a P/E ratio of 26.00 and a beta of 0.76.

Hedge Funds Weigh In On iShares MSCI Global Silver and Metals Miners ETF

Several institutional investors have recently added to or reduced their stakes in SLVP. Bogart Wealth LLC acquired a new position in iShares MSCI Global Silver and Metals Miners ETF in the third quarter valued at about $27,000. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI Global Silver and Metals Miners ETF by 69.8% during the third quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after buying an additional 420 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at approximately $86,000. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter worth approximately $114,000. Finally, Jeppson Wealth Management LLC acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the 4th quarter worth approximately $215,000.

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.