iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume – Time to Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-strong trading volume on Wednesday . Approximately 1,759,930 shares changed hands during mid-day trading, an increase of 188% from the previous session’s volume of 610,646 shares.The stock last traded at $85.07 and had previously closed at $83.12.

iShares MSCI Global Gold Miners ETF Trading Up 4.2%

The stock’s 50-day moving average price is $72.80 and its two-hundred day moving average price is $77.32. The stock has a market capitalization of $2.93 billion, a P/E ratio of 19.24 and a beta of 0.67.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently disclosed a semiannual dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.5264 dividend. The ex-dividend date was Monday, June 15th. This represents a yield of 143.0%.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 23,361 shares during the period. Syon Capital LLC lifted its position in shares of iShares MSCI Global Gold Miners ETF by 53.5% during the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock valued at $12,142,000 after buying an additional 65,538 shares during the last quarter. Climber Capital SA bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth $4,383,000. Marshall Wace LLP bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth $3,336,000. Finally, Advisory Services Network LLC grew its stake in shares of iShares MSCI Global Gold Miners ETF by 68.3% during the 4th quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock worth $3,056,000 after acquiring an additional 16,837 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.