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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw an uptick in trading volume on Friday . 598,857 shares traded hands during mid-day trading, an increase of 266% from the previous session’s volume of 163,615 shares.The stock last traded at $34.09 and had previously closed at $35.30.

iShares MSCI Global Gold Miners ETF Trading Down 3.7 %

The company has a market cap of $1.05 billion, a price-to-earnings ratio of 28.50 and a beta of 0.75. The business has a fifty day moving average price of $31.12 and a two-hundred day moving average price of $31.78.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $6,052,000. Bearing Point Capital LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $2,556,000. Climber Capital SA acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $1,821,000. Versant Capital Management Inc raised its stake in iShares MSCI Global Gold Miners ETF by 15.4% during the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 10,209 shares in the last quarter. Finally, Family Firm Inc. raised its stake in iShares MSCI Global Gold Miners ETF by 28.2% during the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after acquiring an additional 9,276 shares in 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.