iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Trading Up 2.7% – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price were up 2.7% on Thursday . The stock traded as high as $44.70 and last traded at $44.65. Approximately 32,917 shares traded hands during trading, a decline of 90% from the average daily volume of 324,769 shares. The stock had previously closed at $43.49.

iShares MSCI Global Gold Miners ETF Stock Up 1.6%

The firm has a 50 day moving average price of $41.30 and a two-hundred day moving average price of $35.63. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.62 and a beta of 0.75.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RING. JPMorgan Chase & Co. bought a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $6,052,000. Bearing Point Capital LLC bought a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $2,556,000. Climber Capital SA bought a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $1,821,000. Jones Financial Companies Lllp lifted its holdings in iShares MSCI Global Gold Miners ETF by 546.3% during the 1st quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock worth $2,715,000 after buying an additional 53,970 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new position in iShares MSCI Global Gold Miners ETF in the first quarter worth about $620,000.

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.