iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw unusually-strong trading volume on Wednesday . Approximately 804,151 shares were traded during trading, an increase of 96% from the previous session’s volume of 409,581 shares.The stock last traded at $71.7370 and had previously closed at $72.00.

iShares MSCI Global Gold Miners ETF Trading Up 0.4%

The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50. The stock’s 50 day moving average is $66.15 and its two-hundred day moving average is $55.89.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.3775 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a dividend yield of 105.0%.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of iShares MSCI Global Gold Miners ETF by 736.3% in the 1st quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock valued at $433,000 after purchasing an additional 9,940 shares during the last quarter. Jones Financial Companies Lllp grew its position in iShares MSCI Global Gold Miners ETF by 546.3% in the 1st quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock valued at $2,715,000 after buying an additional 53,970 shares during the last quarter. Versant Capital Management Inc grew its position in iShares MSCI Global Gold Miners ETF by 1.2% in the 2nd quarter. Versant Capital Management Inc now owns 76,440 shares of the exchange traded fund’s stock valued at $3,347,000 after buying an additional 942 shares during the last quarter. Keystone Global Partners LLC increased its stake in iShares MSCI Global Gold Miners ETF by 190.1% in the 2nd quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock valued at $2,053,000 after buying an additional 30,727 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth $49,000.

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.