iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Shares Cross Above 50-Day Moving Average – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $30.06 and traded as high as $31.43. iShares MSCI Global Gold Miners ETF shares last traded at $31.37, with a volume of 72,088 shares traded.

iShares MSCI Global Gold Miners ETF Stock Up 0.8 %

The firm has a 50-day moving average price of $30.06 and a 200 day moving average price of $31.36. The firm has a market capitalization of $966.20 million, a PE ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several hedge funds have recently made changes to their positions in RING. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the second quarter valued at approximately $43,000. Fisher Asset Management LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter worth $245,000. Finally, Versant Capital Management Inc increased its position in shares of iShares MSCI Global Gold Miners ETF by 15.4% during 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 during the period.

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.