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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 traded.

iShares MSCI Global Gold Miners ETF Trading Up 0.3 %

The firm’s fifty day moving average price is $30.05 and its 200-day moving average price is $31.16. The company has a market cap of $912.56 million, a P/E 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. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RING. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth about $43,000. Fisher Asset Management LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth about $245,000. Versant Capital Management Inc increased its stake in iShares MSCI Global Gold Miners ETF by 15.4% in the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after acquiring an additional 10,209 shares during the period. Finally, E Fund Management Co. Ltd. increased its stake in iShares MSCI Global Gold Miners ETF by 6.4% in the second quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock valued at $4,027,000 after acquiring an additional 8,739 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.