iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Share Price Cross Above Fifty Day Moving Average – What’s Next?

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) passed 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 traded.

iShares MSCI Global Gold Miners ETF Stock Performance

The company has a market capitalization of $912.56 million, a price-to-earnings ratio of 28.50 and a beta of 0.75. The company has a fifty day simple moving average of $30.05 and a two-hundred day simple moving average of $31.18.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at about $43,000. Fisher Asset Management LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth about $245,000. E Fund Management Co. Ltd. increased its position 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 purchasing an additional 8,739 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in iShares MSCI Global Gold Miners ETF by 15.4% in 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 buying 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.