Municipal Employees Retirement System of Michigan Lowers Stock Holdings in iShares MSCI Global Gold Miners ETF (NASDAQ:RING)

Municipal Employees Retirement System of Michigan decreased its position in shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,901,911 shares of the exchange traded fund’s stock after selling 352,062 shares during the period. iShares MSCI Global Gold Miners ETF makes up approximately 0.7% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 23rd largest holding. Municipal Employees Retirement System of Michigan owned approximately 0.06% of iShares MSCI Global Gold Miners ETF worth $53,463,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RING. Fisher Asset Management LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter worth about $245,000. Versant Capital Management Inc increased its holdings in shares of iShares MSCI Global Gold Miners ETF by 15.4% in the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after buying an additional 10,209 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of 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 buying an additional 2,162 shares during the period. Finally, Wintrust Investments LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $93,000.

iShares MSCI Global Gold Miners ETF Price Performance

Shares of NASDAQ:RING opened at $35.88 on Friday. iShares MSCI Global Gold Miners ETF has a 1 year low of $23.24 and a 1 year high of $36.50. The company has a market cap of $1.11 billion, a PE ratio of 16.74 and a beta of 0.75. The stock’s 50-day moving average is $32.70 and its 200 day moving average is $32.08.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

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.