iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume Following Dividend Announcement

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw strong trading volume on Monday following a dividend announcement from the company. 285,038 shares were traded during trading, a decline of 43% from the previous session’s volume of 502,148 shares.The stock last traded at $74.42 and had previously closed at $69.56.

The newly announced dividend which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be given a dividend of $0.5264 per share. The ex-dividend date is Monday, June 15th.

iShares MSCI Global Gold Miners ETF Trading Down 2.9%

The firm has a 50-day moving average of $77.98 and a 200 day moving average of $80.12. The company has a market cap of $2.76 billion, a P/E ratio of 19.24 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 52.3% during the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in iShares MSCI Global Gold Miners ETF by 7.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after acquiring an additional 178 shares in the last quarter. Strategic Blueprint LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 12.0% during the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth $100,000. Finally, Prism Advisors Inc. bought a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter worth approximately $205,000.

iShares MSCI Global Gold Miners ETF Company Profile

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.