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

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) saw unusually-strong trading volume on Wednesday . 1,759,930 shares traded hands during trading, an increase of 188% from the previous session’s volume of 610,646 shares.The stock last traded at $85.07 and had previously closed at $83.12.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a market cap of $2.79 billion, a P/E ratio of 19.24 and a beta of 0.61. The company’s 50-day moving average is $71.89 and its two-hundred day moving average is $77.32.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.5264 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Syon Capital LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 53.5% during the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock worth $12,142,000 after purchasing an additional 65,538 shares during the last quarter. Trust Co. of Vermont bought a new position in iShares MSCI Global Gold Miners ETF in the second quarter worth about $42,000. Allied Private Wealth LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at about $355,000. Janney Montgomery Scott LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 1st quarter valued at about $1,290,000. Finally, Advisory Services Network LLC grew its position in shares of iShares MSCI Global Gold Miners ETF by 68.3% in the 4th quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock worth $3,056,000 after buying an additional 16,837 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

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.

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