iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw strong trading volume on Tuesday . 424,754 shares were traded during trading, an increase of 234% from the previous session’s volume of 127,268 shares.The stock last traded at $31.10 and had previously closed at $32.29.

iShares MSCI Global Gold Miners ETF Trading Down 3.4 %

The business has a 50-day moving average price of $30.40 and a 200 day moving average price of $27.51. The stock has a market capitalization of $570.59 million, a P/E ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RING. Strategic Investment Solutions Inc. IL purchased a new stake in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at $43,000. Deane Retirement Strategies Inc. bought a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at about $53,000. Family Firm Inc. raised its position in iShares MSCI Global Gold Miners ETF by 1.6% in the 1st quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 527 shares during the period. Aspect Partners LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $1,114,000. Finally, Versant Capital Management Inc boosted its position 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 valued at $1,695,000 after buying an additional 7,171 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.