iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 12-Month High – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $39.90 and last traded at $39.43, with a volume of 348836 shares trading hands. The stock had previously closed at $37.72.

iShares MSCI Global Gold Miners ETF Trading Up 6.0 %

The company has a market capitalization of $1.42 billion, a P/E ratio of 19.05 and a beta of 0.75. The company has a 50 day moving average price of $35.71 and a 200 day moving average price of $32.87.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. Wintrust Investments LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $93,000. Jones Financial Companies Lllp increased its position in iShares MSCI Global Gold Miners ETF by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 2,162 shares in the last quarter. Family Firm Inc. increased its position in iShares MSCI Global Gold Miners ETF by 28.2% in the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after buying an additional 9,276 shares in the last quarter. Climber Capital SA acquired a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $1,821,000. Finally, Versant Capital Management Inc boosted its holdings in iShares MSCI Global Gold Miners ETF by 15.4% in 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.

About iShares MSCI Global Gold Miners ETF

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.