iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Cross Below 200-Day Moving Average – Time to Sell?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.95 and traded as low as $31.95. iShares MSCI Global Gold Miners ETF shares last traded at $32.94, with a volume of 138,455 shares traded.

iShares MSCI Global Gold Miners ETF Trading Up 0.7 %

The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.75. The stock has a 50-day moving average price of $31.65 and a two-hundred day moving average price of $31.95.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RING. Fisher Asset Management LLC purchased a new position in iShares MSCI Global Gold Miners ETF in the 3rd quarter worth $245,000. Versant Capital Management Inc raised its stake in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after buying an additional 10,209 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of iShares MSCI Global Gold Miners ETF by 28.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 2,162 shares during the last quarter. Wintrust Investments LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter valued at about $93,000. Finally, Family Firm Inc. raised its stake in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after buying an additional 9,276 shares during 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.