iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Share Price Pass Below 200 Day Moving Average – Here’s Why

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.31 and traded as low as $30.02. iShares MSCI Global Gold Miners ETF shares last traded at $30.61, with a volume of 156,285 shares traded.

iShares MSCI Global Gold Miners ETF Trading Up 1.0 %

The firm has a market capitalization of $933.61 million, a PE ratio of 28.50 and a beta of 0.75. The business has a 50 day moving average price of $29.86 and a 200-day moving average price of $31.31.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm 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 of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently modified their holdings of RING. Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at approximately $43,000. Fisher Asset Management LLC purchased a new position in iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at approximately $245,000. Finally, Versant Capital Management Inc increased its stake in iShares MSCI Global Gold Miners ETF by 15.4% in the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after purchasing an additional 10,209 shares in the last quarter.

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.