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

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw strong trading volume on Monday . 458,715 shares changed hands during trading, an increase of 138% from the previous session’s volume of 192,788 shares.The stock last traded at $33.68 and had previously closed at $32.94.

iShares MSCI Global Gold Miners ETF Trading Down 0.5 %

The company has a market capitalization of $1.01 billion, a PE ratio of 21.70 and a beta of 0.75. The stock’s fifty day moving average is $31.65 and its two-hundred day moving average is $31.96.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.216 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bearing Point Capital LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $2,556,000. Climber Capital SA purchased a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter valued at about $1,821,000. JPMorgan Chase & Co. purchased a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $6,052,000. Family Firm Inc. lifted its position in iShares MSCI Global Gold Miners ETF by 28.2% in the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after acquiring an additional 9,276 shares in the last quarter. Finally, Wintrust Investments LLC purchased a new position in iShares MSCI Global Gold Miners ETF in the 4th quarter worth about $93,000.

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.