iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Hits New 1-Year High at $33.48

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $33.48 and last traded at $33.43, with a volume of 64588 shares. The stock had previously closed at $32.78.

iShares MSCI Global Gold Miners ETF Stock Performance

The firm has a market cap of $610.49 million, a P/E ratio of 28.50 and a beta of 0.75. The stock has a fifty day simple moving average of $31.01 and a 200 day simple moving average of $28.12.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc increased its holdings in shares of iShares MSCI Global Gold Miners ETF by 12.0% in the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock worth $1,695,000 after purchasing an additional 7,171 shares in the last quarter. Family Firm Inc. boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 1.6% in the 1st quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after buying an additional 527 shares during the last quarter. Aspect Partners LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth $1,114,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter worth $43,000. Finally, E Fund Management Co. Ltd. boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 6.4% in the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock worth $4,027,000 after buying an additional 8,739 shares during the last quarter.

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.