iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Share Price Pass Above 50 Day Moving Average – Time to Sell?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.37 and traded as high as $34.83. iShares MSCI Global Gold Miners ETF shares last traded at $34.17, with a volume of 134,036 shares changing hands.

iShares MSCI Global Gold Miners ETF Trading Down 0.3 %

The stock has a market cap of $1.05 billion, a PE ratio of 28.50 and a beta of 0.75. The firm’s 50-day moving average price is $30.37 and its two-hundred day moving average price is $31.46.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of institutional investors have recently added to or reduced their stakes in RING. Fisher Asset Management LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the third quarter valued at about $245,000. Versant Capital Management Inc lifted its position in 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 valued at $2,152,000 after acquiring an additional 10,209 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in iShares MSCI Global Gold Miners ETF by 28.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 2,162 shares during the last quarter.

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.