iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.80 and last traded at $73.38, with a volume of 183034 shares trading hands. The stock had previously closed at $71.00.

iShares MSCI Global Gold Miners ETF Price Performance

The business has a 50 day moving average price of $65.58 and a 200 day moving average price of $54.93. The firm has a market capitalization of $2.90 billion, a P/E ratio of 19.24 and a beta of 0.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its position in iShares MSCI Global Gold Miners ETF by 546.3% during the first quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock worth $2,715,000 after acquiring an additional 53,970 shares during the period. Keystone Global Partners LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 190.1% in the second quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock valued at $2,053,000 after buying an additional 30,727 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 315.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 16,919 shares of the exchange traded fund’s stock valued at $741,000 after buying an additional 12,849 shares during the period. NewEdge Advisors LLC grew its position in iShares MSCI Global Gold Miners ETF by 736.3% during the first quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock worth $433,000 after buying an additional 9,940 shares in the last quarter. Finally, Strategic Blueprint LLC bought a new position in iShares MSCI Global Gold Miners ETF during the second quarter valued at about $239,000.

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.