iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Time to Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) saw strong trading volume on Wednesday . 800,950 shares changed hands during mid-day trading, an increase of 222% from the previous session’s volume of 248,685 shares.The stock last traded at $37.47 and had previously closed at $37.35.

iShares MSCI Global Gold Miners ETF Stock Down 1.8 %

The company has a market cap of $1.14 billion, a PE ratio of 16.74 and a beta of 0.75. The firm’s fifty day simple moving average is $33.49 and its 200-day simple moving average is $32.24.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 28.0% during 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. Fisher Asset Management LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the third quarter valued at approximately $245,000. Versant Capital Management Inc lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 15.4% during 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. Wintrust Investments LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $93,000. Finally, Family Firm Inc. lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 28.2% during 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.

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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