iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Shares Gap Up – Should You Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $42.33, but opened at $44.01. iShares MSCI Global Gold Miners ETF shares last traded at $43.98, with a volume of 178,259 shares traded.

iShares MSCI Global Gold Miners ETF Stock Down 1.8 %

The company has a 50 day simple moving average of $36.36 and a 200-day simple moving average of $33.12. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 20.04 and a beta of 0.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in 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 acquiring an additional 10,209 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the 4th 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 during the last quarter. Wintrust Investments LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter valued at approximately $93,000. Family Firm Inc. grew its stake in 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 buying an additional 9,276 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth $6,052,000.

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.