iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Cross Above Fifty Day Moving Average – Time to Sell?

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $30.05 and traded as high as $30.63. iShares MSCI Global Gold Miners ETF shares last traded at $29.92, with a volume of 96,213 shares changing hands.

iShares MSCI Global Gold Miners ETF Stock Performance

The firm’s 50 day moving average is $30.05 and its 200-day moving average is $31.16. The firm has a market cap of $912.56 million, a price-to-earnings ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth $43,000. Fisher Asset Management LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth $245,000. Versant Capital Management Inc lifted its position 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 acquiring an additional 10,209 shares during the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in iShares MSCI Global Gold Miners ETF by 6.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock worth $4,027,000 after acquiring an additional 8,739 shares during the last quarter.

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.