Municipal Employees Retirement System of Michigan Trims Stock Position in iShares MSCI Global Gold Miners ETF (NASDAQ:RING)

Municipal Employees Retirement System of Michigan lowered its position in shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,901,911 shares of the exchange traded fund’s stock after selling 352,062 shares during the period. iShares MSCI Global Gold Miners ETF accounts for about 0.7% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 23rd biggest position. Municipal Employees Retirement System of Michigan owned 6.18% of iShares MSCI Global Gold Miners ETF worth $53,463,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wintrust Investments LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth $93,000. Fisher Asset Management LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter valued at $245,000. Jones Financial Companies Lllp increased its stake in iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 2,162 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in iShares MSCI Global Gold Miners ETF by 15.4% in 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 acquiring an additional 10,209 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Stock Up 3.3 %

NASDAQ RING opened at $35.88 on Friday. The stock’s 50-day simple moving average is $32.70 and its two-hundred day simple moving average is $32.08. iShares MSCI Global Gold Miners ETF has a twelve month low of $23.24 and a twelve month high of $36.50. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.74 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

iShares MSCI Global Gold Miners ETF 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.