iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Cross Above 50 Day Moving Average – Here’s Why

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $77.67 and traded as high as $83.05. iShares MSCI Global Gold Miners ETF shares last traded at $80.83, with a volume of 669,385 shares trading hands.

iShares MSCI Global Gold Miners ETF Stock Performance

The company’s 50 day moving average is $77.67 and its 200 day moving average is $64.78. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RING. CoreCap Advisors LLC lifted its position in shares of iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 169 shares during the period. Trust Co. of Toledo NA OH bought a new position in iShares MSCI Global Gold Miners ETF in the second quarter worth $49,000. Cloud Capital Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the third quarter worth $85,000. EverSource Wealth Advisors LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at $100,000. Finally, Prism Advisors Inc. acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $205,000.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for iShares MSCI Global Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Global Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.