Municipal Employees Retirement System of Michigan Lowers Position in iShares MSCI Global Gold Miners ETF $RING

Municipal Employees Retirement System of Michigan lowered its holdings in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) by 38.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 844,062 shares of the exchange traded fund’s stock after selling 528,148 shares during the period. iShares MSCI Global Gold Miners ETF makes up 0.7% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 20th largest position. Municipal Employees Retirement System of Michigan’s holdings in iShares MSCI Global Gold Miners ETF were worth $62,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Keystone Global Partners LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 60.8% in the 4th quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after acquiring an additional 27,942 shares in the last quarter. Climber Capital SA purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $4,383,000. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 55.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock valued at $1,463,000 after acquiring an additional 8,141 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 20.9% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock valued at $1,323,000 after acquiring an additional 3,533 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 20.0% in the 3rd quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock valued at $1,247,000 after acquiring an additional 3,208 shares in the last quarter.

iShares MSCI Global Gold Miners ETF Trading Down 0.9%

Shares of iShares MSCI Global Gold Miners ETF stock opened at $74.22 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of 19.24 and a beta of 0.57. The business’s 50-day moving average price is $79.55 and its 200-day moving average price is $79.02. iShares MSCI Global Gold Miners ETF has a 12 month low of $41.34 and a 12 month high of $100.41.

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.