iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-high trading volume on Friday . Approximately 182,264 shares were traded during trading, an increase of 35% from the previous session’s volume of 134,891 shares.The stock last traded at $34.20 and had previously closed at $34.67.

iShares MSCI Global Gold Miners ETF Stock Performance

The stock has a fifty day simple moving average of $31.63 and a 200-day simple moving average of $28.85. The stock has a market cap of $615.06 million, a P/E ratio of 28.50 and a beta of 0.75.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently added to or reduced their stakes in RING. Aspect Partners LLC bought a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth about $1,114,000. Versant Capital Management Inc increased its holdings in 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 worth $1,695,000 after purchasing an additional 7,171 shares in the last quarter. Family Firm Inc. increased its holdings in iShares MSCI Global Gold Miners ETF by 1.6% during the 1st quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 527 shares in the last quarter. OLD Mission Capital LLC boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 88.9% during the 1st quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock worth $15,315,000 after buying an additional 285,006 shares during the last quarter. Finally, Deane Retirement Strategies Inc. acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth about $53,000.

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.