iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Volume Increase – Still a Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) shares saw an uptick in trading volume on Wednesday . 1,766,501 shares traded hands during mid-day trading, an increase of 231% from the previous session’s volume of 533,327 shares.The stock last traded at $65.45 and had previously closed at $63.60.

iShares MSCI Global Gold Miners ETF Trading Down 2.0%

The stock has a fifty day simple moving average of $69.07 and a 200-day simple moving average of $78.74. The company has a market capitalization of $2.31 billion, a PE ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.5264 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors have recently added to or reduced their stakes in the business. Keystone Global Partners LLC raised its holdings in iShares MSCI Global Gold Miners ETF by 60.8% during the fourth quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock worth $5,440,000 after purchasing an additional 27,942 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $503,000. Climber Capital SA acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $4,383,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 1st quarter valued at $1,290,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $218,000.

About iShares MSCI Global Gold Miners ETF

(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.

Further Reading

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