iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 52-Week High – Should You Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares hit a new 52-week high on Monday . The stock traded as high as $36.75 and last traded at $36.74, with a volume of 27220 shares. The stock had previously closed at $36.19.

iShares MSCI Global Gold Miners ETF Trading Up 0.6 %

The company has a market capitalization of $1.15 billion, a P/E ratio of 16.74 and a beta of 0.75. The firm’s 50 day moving average price is $33.18 and its two-hundred day moving average price is $32.17.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 2,162 shares in the last quarter. Wintrust Investments LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $93,000. Fisher Asset Management LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at $245,000. Family Firm Inc. grew its stake 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 buying an additional 9,276 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake 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 buying an additional 10,209 shares in the last quarter.

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.