JPMorgan Chase & Co. Invests $6.05 Million in iShares MSCI Global Gold Miners ETF (NASDAQ:RING)

JPMorgan Chase & Co. purchased a new stake in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 215,281 shares of the exchange traded fund’s stock, valued at approximately $6,052,000. JPMorgan Chase & Co. owned approximately 0.70% of iShares MSCI Global Gold Miners ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after acquiring an additional 10,209 shares during the period. Family Firm Inc. grew its holdings in iShares MSCI Global Gold Miners ETF by 28.2% in the fourth 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. Jones Financial Companies Lllp increased its position in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the fourth 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. Finally, Wintrust Investments LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth $93,000.

iShares MSCI Global Gold Miners ETF Trading Down 1.8 %

NASDAQ:RING opened at $42.63 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of 20.04 and a beta of 0.75. The firm has a 50-day moving average price of $36.36 and a two-hundred day moving average price of $33.12. iShares MSCI Global Gold Miners ETF has a twelve month low of $25.70 and a twelve month high of $44.32.

iShares MSCI Global Gold Miners ETF 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.