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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw an uptick in trading volume on Wednesday . 800,950 shares were traded during trading, an increase of 222% from the previous session’s volume of 248,685 shares.The stock last traded at $37.47 and had previously closed at $37.35.

iShares MSCI Global Gold Miners ETF Price Performance

The business’s 50 day moving average price is $33.49 and its 200-day moving average price is $32.24. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.74 and a beta of 0.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RING. JPMorgan Chase & Co. acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $6,052,000. Bearing Point Capital LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $2,556,000. Climber Capital SA purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $1,821,000. Versant Capital Management Inc lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 15.4% in the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after purchasing an additional 10,209 shares in the last quarter. Finally, Family Firm Inc. lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.2% in the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after purchasing an additional 9,276 shares in the last quarter.

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.