iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Hits New 1-Year High – Here’s Why

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $36.75 and last traded at $36.74, with a volume of 27220 shares changing hands. The stock had previously closed at $36.19.

iShares MSCI Global Gold Miners ETF Trading Up 1.4 %

The firm has a market capitalization of $1.13 billion, a P/E ratio of 16.74 and a beta of 0.75. The business’s fifty day moving average is $32.84 and its 200 day moving average is $32.10.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at approximately $6,052,000. Bearing Point Capital LLC bought a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter worth $2,556,000. Versant Capital Management Inc boosted its position in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the 4th 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 in the last quarter. Climber Capital SA acquired a new stake in iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $1,821,000. Finally, Family Firm Inc. grew its position in iShares MSCI Global Gold Miners ETF by 28.2% in the fourth 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 during the period.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares MSCI Global Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Global Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.