iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Share Price Pass Below Two Hundred Day Moving Average – Time to Sell?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.95 and traded as low as $31.95. iShares MSCI Global Gold Miners ETF shares last traded at $32.94, with a volume of 138,455 shares trading hands.

iShares MSCI Global Gold Miners ETF Stock Performance

The business’s 50-day moving average price is $31.65 and its 200 day moving average price is $31.95. The company has a market cap of $1.01 billion, a P/E ratio of 21.70 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $0.216 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wintrust Investments LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth about $93,000. Fisher Asset Management LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth about $245,000. Jones Financial Companies Lllp boosted its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 2,162 shares during the period. Family Firm Inc. boosted its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after buying an additional 9,276 shares during the period. Finally, Climber Capital SA bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth about $1,821,000.

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.