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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price reached a new 52-week high on Monday . The stock traded as high as $95.25 and last traded at $95.6510, with a volume of 104978 shares trading hands. The stock had previously closed at $91.41.

iShares MSCI Global Gold Miners ETF Stock Performance

The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50. The company has a 50 day moving average price of $74.69 and a 200 day moving average price of $62.85.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.3775 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 105.0%.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of RING. CoreCap Advisors LLC lifted its position in shares of iShares MSCI Global Gold Miners ETF by 52.3% during the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter worth approximately $49,000. Cloud Capital Management LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at approximately $85,000. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at approximately $100,000. Finally, Prism Advisors Inc. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $205,000.

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.