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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw strong trading volume on Wednesday . 345,352 shares changed hands during trading, an increase of 221% from the previous session’s volume of 107,613 shares.The stock last traded at $31.42 and had previously closed at $31.89.

iShares MSCI Global Gold Miners ETF Stock Down 1.6 %

The company has a 50 day simple moving average of $28.34 and a 200-day simple moving average of $25.43. The stock has a market cap of $561.52 million, a price-to-earnings ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a $0.1856 dividend. The ex-dividend date was Tuesday, June 11th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently modified their holdings of the business. Deane Retirement Strategies Inc. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the second quarter valued at $53,000. OLD Mission Capital LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 88.9% during the first quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock worth $15,315,000 after acquiring an additional 285,006 shares in the last quarter. Family Firm Inc. raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 1.6% during the first quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 527 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 12.0% during the first quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock worth $1,695,000 after acquiring an additional 7,171 shares in the last quarter. Finally, Aspect Partners LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter worth $1,114,000.

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.