iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Pass Above 50 Day Moving Average – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) crossed 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 traded.

iShares MSCI Global Gold Miners ETF Stock Performance

The company’s fifty day moving average price is $30.37 and its 200-day moving average price is $31.46. The stock has a market cap of $1.05 billion, a P/E 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 dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RING. Jones Financial Companies Lllp grew its stake in iShares MSCI Global Gold Miners ETF by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 2,162 shares in the last quarter. Fisher Asset Management LLC bought a new position in iShares MSCI Global Gold Miners ETF in the third quarter worth approximately $245,000. Finally, Versant Capital Management Inc increased its holdings in 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 worth $2,152,000 after purchasing an additional 10,209 shares during the period.

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.