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

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-strong trading volume on Monday . Approximately 458,715 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 192,788 shares.The stock last traded at $33.68 and had previously closed at $32.94.

iShares MSCI Global Gold Miners ETF Stock Down 0.5 %

The stock has a market capitalization of $1.01 billion, a P/E ratio of 21.70 and a beta of 0.75. The company has a fifty day moving average price of $31.65 and a 200-day moving average price of $31.96.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 2,162 shares in the last quarter. Wintrust Investments LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth $93,000. Fisher Asset Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth about $245,000. Family Firm Inc. grew its stake in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after purchasing an additional 9,276 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after acquiring an additional 10,209 shares during the period.

About iShares MSCI Global Gold Miners ETF

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.