iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Pass Below Two Hundred Day Moving Average – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.05 and traded as low as $28.29. iShares MSCI Global Gold Miners ETF shares last traded at $28.48, with a volume of 55,479 shares changing hands.

iShares MSCI Global Gold Miners ETF Price Performance

The stock’s fifty day moving average is $31.51 and its 200-day moving average is $31.05. The stock has a market capitalization of $623.71 million, a P/E ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. E Fund Management Co. Ltd. raised its position in iShares MSCI Global Gold Miners ETF by 6.4% in the second 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. Fisher Asset Management LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the third quarter valued at about $245,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $43,000.

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.