iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) saw strong trading volume on Thursday . 561,618 shares changed hands during mid-day trading, an increase of 294% from the previous session’s volume of 142,502 shares.The stock last traded at $32.90 and had previously closed at $32.13.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a market cap of $559.22 million, a PE ratio of 28.50 and a beta of 0.75. The stock’s 50-day moving average is $32.04 and its 200 day moving average is $29.36.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently bought and sold shares of RING. Strategic Investment Solutions Inc. IL purchased a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at $43,000. Deane Retirement Strategies Inc. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the second quarter valued at about $53,000. Family Firm Inc. increased its position in iShares MSCI Global Gold Miners ETF by 1.6% during the first quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 527 shares during the last quarter. Aspect Partners LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $1,114,000. Finally, Versant Capital Management Inc boosted its holdings in iShares MSCI Global Gold Miners ETF by 12.0% in the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after purchasing an additional 7,171 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

The iShares MSCI Global Gold Miners ETF (RING) is an exchange-traded fund that is based on the MSCI ACWI Select Gold Miners IMI index, a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING was launched on Jan 31, 2012 and is managed by BlackRock.

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