iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Share Price Pass Above 50-Day Moving Average of $23.97

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $23.97 and traded as high as $26.45. iShares MSCI Global Gold Miners ETF shares last traded at $26.04, with a volume of 284,552 shares traded.

iShares MSCI Global Gold Miners ETF Price Performance

The firm has a market cap of $463.05 million, a PE ratio of 27.13 and a beta of 0.75. The company has a 50-day simple moving average of $24.21 and a 200-day simple moving average of $23.35.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of large investors have recently made changes to their positions in the stock. E Fund Management Co. Ltd. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at approximately $3,075,000. Versant Capital Management Inc grew its position in shares of iShares MSCI Global Gold Miners ETF by 12.0% during the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock worth $1,695,000 after buying an additional 7,171 shares in the last quarter. Finally, Aspect Partners LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at $1,114,000.

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.