iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw strong trading volume on Monday . 285,038 shares were traded during trading, a decline of 43% from the previous session’s volume of 502,148 shares.The stock last traded at $74.42 and had previously closed at $69.56.

iShares MSCI Global Gold Miners ETF Stock Performance

The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 19.24 and a beta of 0.57. The business’s 50-day simple moving average is $78.27 and its 200-day simple moving average is $80.03.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 1st quarter valued at about $1,290,000. Advisory Services Network LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 68.3% in the 4th quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock valued at $3,056,000 after acquiring an additional 16,837 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $3,336,000. Arkadios Wealth Advisors bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $218,000. Finally, JPMorgan Chase & Co. increased its stake in shares of iShares MSCI Global Gold Miners ETF by 9.7% in the 4th quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock valued at $19,525,000 after acquiring an additional 23,361 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Company Profile

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.