iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Here’s Why

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) saw strong trading volume on Wednesday . Approximately 1,277,339 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 569,903 shares.The stock last traded at $62.04 and had previously closed at $63.81.

iShares MSCI Global Gold Miners ETF Stock Down 2.3%

The stock has a 50 day simple moving average of $68.44 and a 200 day simple moving average of $78.46. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in iShares MSCI Global Gold Miners ETF by 9.7% in the 4th quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock worth $19,525,000 after acquiring an additional 23,361 shares during the period. Climber Capital SA purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $4,383,000. Marshall Wace LLP purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $3,336,000. Advisory Services Network LLC boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 68.3% in the fourth 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 during the period. Finally, NewEdge Advisors LLC grew its holdings in iShares MSCI Global Gold Miners ETF by 20.0% during the 3rd quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock valued at $1,247,000 after purchasing an additional 3,208 shares in the last quarter.

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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