iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Volume Increase – What’s Next?

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-strong trading volume on Thursday . 2,337,183 shares traded hands during mid-day trading, an increase of 307% from the previous session’s volume of 573,897 shares.The stock last traded at $77.22 and had previously closed at $79.09.

iShares MSCI Global Gold Miners ETF Stock Performance

The company’s 50-day simple moving average is $67.54 and its two-hundred day simple moving average is $77.50. The firm has a market cap of $2.51 billion, a PE ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.5264 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RING. Climber Capital SA purchased a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $4,383,000. Marshall Wace LLP purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $3,336,000. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 9.7% during the 4th quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock worth $19,525,000 after acquiring an additional 23,361 shares during the period. Advisory Services Network LLC raised its position in shares of iShares MSCI Global Gold Miners ETF by 68.3% in the 4th quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock worth $3,056,000 after acquiring an additional 16,837 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the 1st quarter worth approximately $1,290,000.

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.