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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.31 and traded as low as $30.02. iShares MSCI Global Gold Miners ETF shares last traded at $30.61, with a volume of 156,285 shares.

iShares MSCI Global Gold Miners ETF Price Performance

The firm has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $31.31. The company has a market cap of $933.61 million, a PE ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds have recently made changes to their positions in RING. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth $43,000. Fisher Asset Management LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the third quarter worth about $245,000. Finally, Versant Capital Management Inc lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 10,209 shares in the last quarter.

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.