iShares MSCI Global Metals & Mining Producers ETF (PICK)
| Assets | $875.03M |
| Expense Ratio | 0.39% |
| PE Ratio | 6.50 |
| Shares Out | 22.30M |
| Dividend (ttm) | $1.53 |
| Dividend Yield | 3.88% |
| Ex-Dividend Date | Jun 11, 2024 |
| Payout Ratio | 25.17% |
| 1-Year Return | -2.65% |
| Volume | 68,424 |
| Open | 39.05 |
| Previous Close | 39.19 |
| Day's Range | 38.99 - 39.31 |
| 52-Week Low | 36.00 |
| 52-Week High | 46.40 |
| Beta | 1.18 |
| Holdings | 316 |
| Inception Date | Jan 31, 2012 |
About PICK
Fund Home PageThe 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 issued by BlackRock.
Top 10 Holdings
48.29% of assets| Name | Symbol | Weight |
|---|---|---|
| BHP Group Limited | BHP | 13.08% |
| Rio Tinto Group | RIO | 6.80% |
| Freeport-McMoRan Inc. | FCX | 6.11% |
| Glencore plc | GLEN | 4.95% |
| Anglo American plc | AAL | 3.64% |
| Nucor Corporation | NUE | 3.52% |
| Vale S.A. | VALE3 | 3.33% |
| Rio Tinto Group | RIO | 2.72% |
| Steel Dynamics, Inc. | STLD | 2.07% |
| Teck Resources Limited | TECK | 2.06% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 11, 2024 | $0.505 | Jun 17, 2024 |
| Dec 20, 2023 | $1.021 | Dec 27, 2023 |
| Jun 7, 2023 | $0.785 | Jun 13, 2023 |
| Dec 13, 2022 | $1.065 | Dec 19, 2022 |
| Jun 9, 2022 | $1.778 | Jun 15, 2022 |
| Dec 30, 2021 | $0.058 | Jan 5, 2022 |
News
PICK: Dollar Strength Weighs, Frustration Continues
PICK ETF has a low P/E ratio and high dividend yield but struggles due to a weak technical situation and features high concentration risk. The ETF's performance is heavily influenced by the US Dollar ...
PICK: Mining Companies Could Outperform The Metals
Increasing demand for base metals is driven by green energy initiatives, supporting higher prices. Copper prices have rallied significantly in Q2 2024. Sanctions on Russia and rising nonferrous metals...
Bullish On Metals And Mining - Get Your PICK?
Inflation is likely to accelerate and investors should consider hedges against it. PICK has a competitive management fee, a meaningful dividend, and a relatively low percentage of U.S. equities (for a...
PICK: Metal Recovery To Further Improve Valuation Discount
The iShares MSCI Global Metals & Mining Producers ETF has performed well of late, driven by the strong rally in copper and iron ore prices. The ETF is already trading at a large discount to the broade...
There Could Be A Simple Explanation For The Dax Moonshot Move
The German stock market has gone parabolic in an exceptionally strong move, after meandering over the summer months with sub-par economic releases. The surface reason for this division is that the vas...
PICK: Recent Developments
PICK is a global metals and miners ETF. The fund has underperformed YTD and has cut its dividends. A cheaper valuation, combined with a weaker dollar and higher commodity prices, could lead to better ...
PICK On Price Weakness: Leave Room To Add On Further Declines
Base metals prices have declined significantly since their highs in 2022, impacting the performance of the iShares MSCI Global Metals & Mining Producers ETF. Chinese economic weakness and rising inter...
Metal Price Recovery To Launch PICK Higher
Industrial metals prices are recovering and remain undervalued, suggesting a potential resumption of its long-term bull market. The iShares MSCI Global Metals & Mining Producers ETF is already deeply ...
PICK: Not My Pick
The iShares MSCI Global Metals & Mining Producers ETF offers exposure to the metals and mining sector, but has underperformed compared to the broader market. The fund's portfolio consists of diverse m...
PICK: Rising Global Demand For Materials Creates Opportunity For Long-Term Investors
Demand for basic materials is expected to remain high due to global population growth, increasing living standards, and investment in infrastructure and renewable energy. The iShares MSCI Global Metal...
PICK: Rising Yields Offer A Tactical Opportunity In Industrial Metals Miners
The current trend of high and rising Treasury yields suggests the iShares MSCI Global Metals & Mining Producers ETF is well placed, particularly if inflation expectations move higher. Based on current...
PICK: Undervalued Metals And Miners ETF Yields 6.7%
The iShares MSCI Global Metals & Miners ETF is down 17.6% over the past year. That presents an excellent opportunity for investors. The PICK ETF pays distributions twice a year and with the price drop...
PICK: Forget Gold, Industrial Metals Are The Real Inflation Hedge
Industrial metals prices and equities have been extremely closely correlated with inflation expectations and actual CPI over the past decade, far more so than in the case of gold. With 10-year inflati...
Gold M&A A Bright Spot Amid Volatility
While gold equities were up almost twice as much as gold in January, they were down more than twice as much in February. On February 13, B2Gold announced an agreement to acquire junior developer Sabin...
PICK: Short-Term Headwinds But Long-Term Value
The rise in the PICK relative to the price of the underlying metals index and the drop in inflation expectations suggest the recent rally may be overextended. The outperformance relative to metals pri...
PICK: 3 Reasons To Own The Metals And Mining Sector
The metals and mining sector is extremely cheap relative to its own history and the broader market, with a free cash flow yield of over 12%. The sector is highly correlated with U.S. inflation expecta...
How Have Inflation-Hedge ETFs Fared This Year?
Good, but not as well as hoped. Inflation-hedge ETFs have generally been successful in minimizing losses during the current inflationary environment, less so at generating positive returns.
PICK: Good Time To Add A Mining And Metals ETF, This Pick Pays A 9% Yield
Inflation, labor shortages, supply chain constraints and rising energy costs have negatively impacted the mining industry in the first half of 2022. Now that inflation appears to have peaked and as th...
PICK: Dividends At Risk And Upside Is Limited
It is not the right time to buy iShares MSCI Global Metals & Mining Producers ETF, PICK. If you try to chase its high dividend yield, you might fall into a dividend yield trap.
PICK: Global Metals And Mining ETF, Effective Inflation Hedge, 5.8% Yield
PICK is a diversified global metals & mining ETF. It is a solid inflation hedge, has outperformed these past few months, and yields 5.8%, a solid combination.
PICK: Metals And Mining Stocks Remain Undervalued Even With Recession Concerns
PICK remains undervalued. Based on conservative earnings estimates, the valuation implies an elevated risk premium. One's implied IRR at present prices, by investing in PICK, could safely be above 15%...
New Highs In Copper And A Correction - The PICK ETF Has Lots Of Upside
Energy prices roar higher- A critical input in metal production.
The PICK ETF Offers Participation In The Bullish Metals Sector
The prospects for higher interest rates and a rising US dollar cause prices to slip from the recent highs. Copper is the new oil, and battery metals will fuel alternative energy.
PICK: Metals And Mining Stocks Are Undervalued
The implied cost of equity for PICK could be as high as 20%. The forward return on equity is over 20% too.