iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Volume Increase Following Dividend Announcement

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw strong trading volume on Monday following a dividend announcement from the company. 285,038 shares traded hands during trading, a decline of 43% from the previous session’s volume of 502,148 shares.The stock last traded at $74.42 and had previously closed at $69.56.

The newly announced dividend which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5264 per share. The ex-dividend date is Monday, June 15th.

iShares MSCI Global Gold Miners ETF Trading Down 2.9%

The firm’s 50-day moving average price is $77.98 and its 200-day moving average price is $80.12. The stock has a market capitalization of $2.76 billion, a PE ratio of 19.24 and a beta of 0.57.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RING. NewEdge Advisors LLC raised its position in 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 worth $433,000 after purchasing an additional 9,940 shares during the period. EverSource Wealth Advisors LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at $100,000. United Capital Financial Advisors LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the 3rd quarter valued at $285,000. CoreCap Advisors LLC boosted its holdings in iShares MSCI Global Gold Miners ETF by 52.3% during the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Finally, Keystone Global Partners LLC boosted its holdings in iShares MSCI Global Gold Miners ETF by 60.8% during the 4th quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after acquiring an additional 27,942 shares during the period.

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.