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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.05 and traded as low as $28.29. iShares MSCI Global Gold Miners ETF shares last traded at $28.48, with a volume of 55,479 shares trading hands.

iShares MSCI Global Gold Miners ETF Price Performance

The business has a 50 day simple moving average of $31.51 and a 200 day simple moving average of $31.05. The company has a market cap of $623.71 million, a price-to-earnings ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RING. Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth $43,000. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth about $245,000. 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 valued at $4,027,000 after purchasing an additional 8,739 shares during the period.

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.