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-high trading volume on Thursday . Approximately 2,337,183 shares were traded during trading, an increase of 307% from the previous session’s volume of 573,897 shares.The stock last traded at $77.22 and had previously closed at $79.09.

iShares MSCI Global Gold Miners ETF Trading Up 2.4%

The company has a market cap of $2.58 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61. The business’s 50 day moving average price is $67.76 and its 200-day moving average price is $77.40.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.5264 per share. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RING. NewEdge Advisors LLC lifted its position in iShares MSCI Global Gold Miners ETF by 736.3% during the first 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 acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth $100,000. United Capital Financial Advisors LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth $285,000. Strategic Blueprint LLC lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 12.0% in the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 700 shares during the last quarter. Finally, Climber Capital SA acquired a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $4,383,000.

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.