iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Shares Gap Down – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) gapped down before the market opened on Tuesday . The stock had previously closed at $42.49, but opened at $41.51. iShares MSCI Global Gold Miners ETF shares last traded at $41.91, with a volume of 36,727 shares trading hands.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a market capitalization of $1.46 billion, a PE ratio of 18.62 and a beta of 0.75. The company has a 50-day moving average of $39.70 and a two-hundred day moving average of $34.50.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in 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 valued at $278,000 after buying an additional 2,162 shares during the period. JPMorgan Chase & Co. purchased a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter valued at about $6,052,000. Climber Capital SA bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $1,821,000. Bearing Point Capital LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $2,556,000. Finally, Wintrust Investments LLC purchased a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $93,000.

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.