iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $78.26 and traded as high as $80.79. iShares MSCI Global Gold Miners ETF shares last traded at $80.06, with a volume of 1,400,944 shares.
iShares MSCI Global Gold Miners ETF Stock Down 1.7%
The stock has a fifty day moving average of $77.85 and a 200-day moving average of $78.11. The stock has a market cap of $2.27 billion, a PE ratio of 12.16 and a beta of 0.68.
Institutional Trading of iShares MSCI Global Gold Miners ETF
Hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at approximately $70,149,000. Syon Capital LLC raised its stake in shares of iShares MSCI Global Gold Miners ETF by 53.5% during the second quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock worth $12,142,000 after purchasing an additional 65,538 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $355,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the third quarter worth approximately $244,000. Finally, Prism Advisors Inc. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the third quarter worth approximately $211,000.
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.
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