iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 52-Week High – Should You Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price reached a new 52-week high on Monday . The stock traded as high as $36.75 and last traded at $36.74, with a volume of 27220 shares. The stock had previously closed at $36.19.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a market capitalization of $1.15 billion, a P/E ratio of 16.74 and a beta of 0.75. The company has a fifty day moving average price of $33.18 and a two-hundred day moving average price of $32.17.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several institutional investors have recently added to or reduced their stakes in RING. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the third quarter valued at approximately $245,000. Versant Capital Management Inc lifted its stake 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 valued at $2,152,000 after buying an additional 10,209 shares during the period. Jones Financial Companies Lllp lifted its stake in iShares MSCI Global Gold Miners ETF by 28.0% in the fourth 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. Wintrust Investments LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $93,000. Finally, Family Firm Inc. lifted its stake in iShares MSCI Global Gold Miners ETF by 28.2% in the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after buying an additional 9,276 shares during the period.

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.