iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Strong Trading Volume – Time to Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw strong trading volume on Wednesday . 804,151 shares traded hands during mid-day 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 2.7%

The firm’s 50-day moving average price is $66.43 and its 200-day moving average price is $56.12. The stock has a market capitalization of $2.95 billion, a PE ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in iShares MSCI Global Gold Miners ETF by 736.3% in the first quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock worth $433,000 after buying an additional 9,940 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of iShares MSCI Global Gold Miners ETF by 546.3% in the first quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock valued at $2,715,000 after acquiring an additional 53,970 shares during the period. Versant Capital Management Inc lifted its holdings in shares of 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 worth $3,347,000 after acquiring an additional 942 shares during the last quarter. Keystone Global Partners LLC boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 190.1% during the 2nd quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock worth $2,053,000 after purchasing an additional 30,727 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at about $49,000.

iShares MSCI Global Gold Miners ETF Company Profile

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.