iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Cross Above Fifty Day Moving Average – Should You Sell?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $30.05 and traded as high as $30.63. iShares MSCI Global Gold Miners ETF shares last traded at $29.92, with a volume of 96,213 shares.

iShares MSCI Global Gold Miners ETF Stock Performance

The firm has a fifty day moving average of $30.05 and a 200-day moving average of $31.18. The stock has a market capitalization of $912.56 million, a price-to-earnings ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.216 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at approximately $43,000. Fisher Asset Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the third quarter valued at approximately $245,000. E Fund Management Co. Ltd. lifted its holdings in iShares MSCI Global Gold Miners ETF by 6.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock worth $4,027,000 after buying an additional 8,739 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of iShares MSCI Global Gold Miners ETF by 15.4% in the 4th 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 in the last quarter.

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.