iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sets New 1-Year High – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.12 and last traded at $54.33, with a volume of 10350 shares changing hands. The stock had previously closed at $53.91.

iShares MSCI Global Gold Miners ETF Stock Performance

The stock has a market capitalization of $1.90 billion, a P/E ratio of 19.24 and a beta of 0.75. The stock’s fifty day simple moving average is $47.14 and its two-hundred day simple moving average is $42.09.

iShares MSCI Global Gold Miners ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a $0.2384 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from iShares MSCI Global Gold Miners ETF’s previous dividend of $0.22.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth about $49,000. Cloud Capital Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the 1st quarter valued at about $50,000. EverSource Wealth Advisors LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth approximately $100,000. Creative Financial Designs Inc. ADV bought a new position in iShares MSCI Global Gold Miners ETF in the first quarter worth approximately $121,000. Finally, GPS Wealth Strategies Group LLC bought a new position in iShares MSCI Global Gold Miners ETF in the first quarter worth approximately $156,000.

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.