iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) shares saw strong trading volume on Monday . 285,038 shares changed hands during mid-day trading, a decline of 43% from the previous session’s volume of 502,148 shares.The stock last traded at $74.42 and had previously closed at $69.56.
iShares MSCI Global Gold Miners ETF Stock Performance
The company’s 50 day moving average price is $78.27 and its 200 day moving average price is $80.03. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 19.24 and a beta of 0.57.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Keystone Global Partners LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 60.8% in the fourth quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after buying an additional 27,942 shares during the last quarter. Ethos Financial Group LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $503,000. Climber Capital SA bought a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $4,383,000. NewEdge Advisors LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 20.0% in the third quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock valued at $1,247,000 after buying an additional 3,208 shares during the last quarter. Finally, United Capital Financial Advisors LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at about $285,000.
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.
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