iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Shares Cross Above 50-Day Moving Average – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $77.67 and traded as high as $83.05. iShares MSCI Global Gold Miners ETF shares last traded at $80.83, with a volume of 669,385 shares.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a fifty day simple moving average of $77.67 and a two-hundred day simple moving average of $64.78. The company has a market capitalization of $3.29 billion, a P/E ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $0.3775 dividend. This represents a yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several large investors have recently modified their holdings of the company. CoreCap Advisors LLC raised its holdings in iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 169 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth about $49,000. Cloud Capital Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter valued at approximately $85,000. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at approximately $100,000. Finally, Prism Advisors Inc. bought a new position in iShares MSCI Global Gold Miners ETF in the 4th quarter worth approximately $205,000.

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.