iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sets New 1-Year High – Should You Buy?

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) reached a new 52-week high on Friday . The company traded as high as $99.11 and last traded at $98.7960, with a volume of 116359 shares trading hands. The stock had previously closed at $97.54.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a market cap of $4.02 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50. The business has a 50 day simple moving average of $84.25 and a 200 day simple moving average of $69.89.

iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several large investors have recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 169 shares during the period. Cloud Capital Management LLC bought a new position in iShares MSCI Global Gold Miners ETF during the third quarter worth about $85,000. EverSource Wealth Advisors LLC bought a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth about $100,000. Creative Financial Designs Inc. ADV grew its stake in iShares MSCI Global Gold Miners ETF by 7.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after acquiring an additional 178 shares during the period. Finally, Prism Advisors Inc. acquired a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $205,000.

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.