iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw an uptick in trading volume on Wednesday . 75,993 shares traded hands during mid-day trading, a decline of 39% from the previous session’s volume of 123,686 shares.The stock last traded at $32.04 and had previously closed at $32.68.

iShares MSCI Global Gold Miners ETF Price Performance

The firm has a fifty day moving average of $30.02 and a 200 day moving average of $27.19. The stock has a market capitalization of $582.49 million, a price-to-earnings ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.1856 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in RING. OLD Mission Capital LLC boosted its position in iShares MSCI Global Gold Miners ETF by 88.9% during the first quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock worth $15,315,000 after purchasing an additional 285,006 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of iShares MSCI Global Gold Miners ETF by 6.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock worth $4,027,000 after buying an additional 8,739 shares during the period. Versant Capital Management Inc lifted its position in shares of iShares MSCI Global Gold Miners ETF by 12.0% during the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after buying an additional 7,171 shares in the last quarter. Aspect Partners LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $1,114,000. Finally, Family Firm Inc. increased its holdings in iShares MSCI Global Gold Miners ETF by 1.6% in the 1st quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 527 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.