iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw an uptick in trading volume on Friday . 182,264 shares traded hands during trading, an increase of 35% from the previous session’s volume of 134,891 shares.The stock last traded at $34.20 and had previously closed at $34.67.

iShares MSCI Global Gold Miners ETF Stock Down 2.5 %

The company has a market cap of $618.91 million, a PE ratio of 28.50 and a beta of 0.75. The business has a 50-day simple moving average of $31.56 and a 200-day simple moving average of $28.78.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth $43,000. Deane Retirement Strategies Inc. acquired a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth about $53,000. Family Firm Inc. raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 1.6% during the first quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock valued at $864,000 after acquiring an additional 527 shares during the last quarter. Aspect Partners LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $1,114,000. Finally, Versant Capital Management Inc lifted its holdings in iShares MSCI Global Gold Miners ETF by 12.0% in the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after purchasing an additional 7,171 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.