Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) saw an uptick in trading volume on Tuesday . 504,979 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 406,595 shares.The stock last traded at $64.5690 and had previously closed at $64.58.
iShares MSCI Global Gold Miners ETF Stock Down 5.0%
The stock has a market capitalization of $2.47 billion, a P/E ratio of 19.24 and a beta of 0.50. The company has a fifty day moving average price of $63.66 and a 200-day moving average price of $52.09.
Institutional Trading of iShares MSCI Global Gold Miners ETF
Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 20.0% in 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 during the last quarter. United Capital Financial Advisors LLC purchased a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter valued at $285,000. Jones Financial Companies Lllp boosted its stake in iShares MSCI Global Gold Miners ETF by 55.0% during the third quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock worth $1,463,000 after buying an additional 8,141 shares during the period. Cloud Capital Management LLC bought a new position in iShares MSCI Global Gold Miners ETF during the third quarter valued at $85,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of iShares MSCI Global Gold Miners ETF by 20.9% in the third quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock valued at $1,323,000 after acquiring an additional 3,533 shares during the period.
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.
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