iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sets New 1-Year High at $34.18

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares hit a new 52-week high on Monday . The company traded as high as $34.18 and last traded at $34.15, with a volume of 6975 shares trading hands. The stock had previously closed at $33.74.

iShares MSCI Global Gold Miners ETF Stock Performance

The business’s 50 day moving average price is $31.31 and its 200-day moving average price is $28.56. The firm has a market capitalization of $627.87 million, a PE ratio of 28.50 and a beta of 0.75.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RING. OLD Mission Capital LLC boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 88.9% in the first quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock valued at $15,315,000 after purchasing an additional 285,006 shares during the period. Aspect Partners LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter worth $1,114,000. E Fund Management Co. Ltd. raised its stake in shares of iShares MSCI Global Gold Miners ETF by 6.4% in the second quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock valued at $4,027,000 after acquiring an additional 8,739 shares in the last quarter. Versant Capital Management Inc boosted its holdings in iShares MSCI Global Gold Miners ETF by 12.0% in the first quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after purchasing an additional 7,171 shares during the period. Finally, Deane Retirement Strategies Inc. acquired a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth $53,000.

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.