iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Pass Above 50 Day Moving Average – Here’s What Happened

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $45.43 and traded as high as $49.63. iShares MSCI Global Gold Miners ETF shares last traded at $49.58, with a volume of 291,129 shares changing hands.

iShares MSCI Global Gold Miners ETF Stock Performance

The stock has a market cap of $1.69 billion, a PE ratio of 19.24 and a beta of 0.75. The company’s 50-day moving average price is $45.43 and its 200 day moving average price is $40.81.

iShares MSCI Global Gold Miners ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were given a dividend of $0.2384 per share. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from iShares MSCI Global Gold Miners ETF’s previous dividend of $0.22.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several institutional investors have recently made changes to their positions in the company. Bearing Point Capital LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter valued at approximately $2,556,000. Versant Capital Management Inc raised its position in shares of iShares MSCI Global Gold Miners ETF by 1.2% during the 2nd quarter. Versant Capital Management Inc now owns 76,440 shares of the exchange traded fund’s stock valued at $3,347,000 after buying an additional 942 shares during the period. Jones Financial Companies Lllp raised its position in shares of iShares MSCI Global Gold Miners ETF by 546.3% during the 1st quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock valued at $2,715,000 after buying an additional 53,970 shares during the period. Keystone Global Partners LLC raised its position in shares of iShares MSCI Global Gold Miners ETF by 190.1% during the 2nd quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock valued at $2,053,000 after buying an additional 30,727 shares during the period. Finally, Family Firm Inc. raised its position in shares of iShares MSCI Global Gold Miners ETF by 7.1% during the 1st quarter. Family Firm Inc. now owns 45,160 shares of the exchange traded fund’s stock valued at $1,732,000 after buying an additional 2,987 shares during the period.

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.