iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 12-Month High – Still a Buy?

by · The Cerbat Gem

iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $44.40 and last traded at $43.05, with a volume of 406951 shares. The stock had previously closed at $42.63.

iShares MSCI Global Gold Miners ETF Stock Performance

The business has a 50 day simple moving average of $36.53 and a 200-day simple moving average of $33.18. The stock has a market cap of $1.50 billion, a P/E ratio of 20.04 and a beta of 0.75.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $6,052,000. Bearing Point Capital LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter valued at about $2,556,000. Climber Capital SA purchased a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth approximately $1,821,000. Versant Capital Management Inc raised its stake in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 10,209 shares in the last quarter. Finally, Family Firm Inc. grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after purchasing an additional 9,276 shares during the last quarter.

About iShares MSCI Global Gold Miners ETF

(Get Free Report)

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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