iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Hits New 52-Week High – Here’s What Happened

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) shares reached a new 52-week high on Monday . The company traded as high as $77.77 and last traded at $77.7930, with a volume of 69238 shares. The stock had previously closed at $74.74.

iShares MSCI Global Gold Miners ETF Price Performance

The stock has a market capitalization of $3.06 billion, a P/E ratio of 19.24 and a beta of 0.50. The business’s 50 day simple moving average is $66.64 and its 200-day simple moving average is $56.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.3775 dividend. This represents a dividend yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at about $49,000. Cloud Capital Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the third quarter worth $85,000. EverSource Wealth Advisors LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth $100,000. Strategic Blueprint LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at $239,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at $285,000.

About iShares MSCI Global Gold Miners ETF

(Get Free Report)

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.

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