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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $79.47 and traded as high as $88.85. iShares MSCI Global Gold Miners ETF shares last traded at $88.31, with a volume of 211,847 shares changing hands.

iShares MSCI Global Gold Miners ETF Stock Up 0.6%

The company has a 50-day moving average of $79.47 and a 200 day moving average of $66.45. The stock has a market capitalization of $3.60 billion, a PE ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds have recently bought and sold shares of the business. Keystone Global Partners LLC grew its position in shares of iShares MSCI Global Gold Miners ETF by 60.8% in the fourth quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 27,942 shares in the last quarter. Climber Capital SA acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $4,383,000. Jones Financial Companies Lllp grew its holdings in iShares MSCI Global Gold Miners ETF by 55.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock valued at $1,463,000 after buying an additional 8,141 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 20.9% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock worth $1,323,000 after acquiring an additional 3,533 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 20.0% during the 3rd quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock worth $1,247,000 after acquiring an additional 3,208 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.