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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-strong trading volume on Wednesday . Approximately 1,276,144 shares traded hands during mid-day trading, an increase of 145% from the previous session’s volume of 521,578 shares.The stock last traded at $84.78 and had previously closed at $87.17.

iShares MSCI Global Gold Miners ETF Stock Down 3.0%

The business’s fifty day moving average price is $84.72 and its 200 day moving average price is $76.37. The firm has a market capitalization of $3.42 billion, a PE ratio of 19.24 and a beta of 0.66.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently bought and sold shares of the company. Climber Capital SA purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $4,383,000. Marshall Wace LLP purchased a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $3,336,000. Keystone Global Partners LLC lifted its position in iShares MSCI Global Gold Miners ETF by 60.8% in the fourth quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 27,942 shares during the period. JPMorgan Chase & Co. lifted its position in iShares MSCI Global Gold Miners ETF by 9.7% in the fourth quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock valued at $19,525,000 after purchasing an additional 23,361 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in 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 valued at $3,056,000 after purchasing an additional 16,837 shares in the last quarter.

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.