Municipal Employees Retirement System of Michigan Has $62.16 Million Stake in iShares MSCI Global Gold Miners ETF $RING

Municipal Employees Retirement System of Michigan lowered its stake in shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) by 38.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 844,062 shares of the exchange traded fund’s stock after selling 528,148 shares during the quarter. iShares MSCI Global Gold Miners ETF accounts for 0.7% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 20th largest holding. Municipal Employees Retirement System of Michigan owned 2.07% of iShares MSCI Global Gold Miners ETF worth $62,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RING. CoreCap Advisors LLC grew its stake in iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Cloud Capital Management LLC purchased a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth about $85,000. EverSource Wealth Advisors LLC purchased a new stake in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth about $100,000. Creative Financial Designs Inc. ADV lifted its holdings in iShares MSCI Global Gold Miners ETF by 7.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after purchasing an additional 178 shares in the last quarter. Finally, Prism Advisors Inc. purchased a new stake in iShares MSCI Global Gold Miners ETF during the 4th quarter worth about $205,000.

iShares MSCI Global Gold Miners ETF Stock Performance

Shares of RING opened at $74.22 on Friday. The stock’s 50-day simple moving average is $79.55 and its 200 day simple moving average is $79.02. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 19.24 and a beta of 0.57. iShares MSCI Global Gold Miners ETF has a 52-week low of $41.34 and a 52-week high of $100.41.

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.