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

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

iShares MSCI Global Gold Miners ETF Stock Up 1.4 %

The firm has a market cap of $608.48 million, a PE ratio of 28.50 and a beta of 0.75. The firm’s fifty day simple moving average is $30.93 and its two-hundred day simple moving average is $27.98.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI Global Gold Miners ETF in the second quarter worth about $43,000. Deane Retirement Strategies Inc. purchased a new stake in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at $53,000. Family Firm Inc. lifted its position in iShares MSCI Global Gold Miners ETF by 1.6% in the first 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 iShares MSCI Global Gold Miners ETF during the fourth quarter worth $1,114,000. Finally, Versant Capital Management Inc increased its position in iShares MSCI Global Gold Miners ETF by 12.0% during 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 acquiring an additional 7,171 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.