iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume – Time to Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw an uptick in trading volume on Friday . 598,857 shares were traded during trading, an increase of 266% from the previous session’s volume of 163,615 shares.The stock last traded at $34.09 and had previously closed at $35.30.

iShares MSCI Global Gold Miners ETF Trading Down 3.7 %

The stock’s 50-day moving average is $31.19 and its 200-day moving average is $31.83. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 21.70 and a beta of 0.93.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $6,052,000. Bearing Point Capital LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $2,556,000. Versant Capital Management Inc raised its stake in shares of iShares MSCI Global Gold Miners ETF by 15.4% during 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 purchasing an additional 10,209 shares during the period. Climber Capital SA purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $1,821,000. Finally, Family Firm Inc. raised its stake in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after purchasing an additional 9,276 shares during the period.

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.