iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Trading Up 2.7% – Here’s What Happened

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) were up 2.7% during trading on Thursday . The company traded as high as $44.70 and last traded at $44.65. Approximately 32,917 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 324,769 shares. The stock had previously closed at $43.49.

iShares MSCI Global Gold Miners ETF Stock Up 1.6%

The stock has a 50 day simple moving average of $41.30 and a 200 day simple moving average of $35.63. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.62 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the first quarter valued at approximately $50,000. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.0% during 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 during the last quarter. Family Firm Inc. raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 7.1% during the first quarter. Family Firm Inc. now owns 45,160 shares of the exchange traded fund’s stock valued at $1,732,000 after buying an additional 2,987 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the first quarter valued at approximately $121,000. Finally, Wintrust Investments LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $93,000.

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.