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

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw strong trading volume on Wednesday . 430,015 shares were traded during mid-day trading, an increase of 110% from the previous session’s volume of 204,532 shares.The stock last traded at $29.36 and had previously closed at $29.58.

iShares MSCI Global Gold Miners ETF Trading Down 1.4 %

The company has a market cap of $638.60 million, a price-to-earnings ratio of 28.50 and a beta of 0.75. The business’s 50 day moving average price is $31.99 and its 200-day moving average price is $31.04.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th will be paid a $0.216 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in iShares MSCI Global Gold Miners ETF in the third quarter worth about $245,000. Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth approximately $43,000. Finally, E Fund Management Co. Ltd. grew its position in iShares MSCI Global Gold Miners ETF by 6.4% during 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 buying an additional 8,739 shares during the period.

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.