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 share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $79.47 and traded as high as $88.85. iShares MSCI Global Gold Miners ETF shares last traded at $88.31, with a volume of 211,847 shares trading hands.

iShares MSCI Global Gold Miners ETF Stock Up 0.6%

The business has a 50-day simple moving average of $79.47 and a 200-day simple moving average of $66.45. The company has a market cap of $3.60 billion, a PE ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Investors 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%.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 52.3% during the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in iShares MSCI Global Gold Miners ETF by 7.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 178 shares in the last quarter. Strategic Blueprint LLC boosted its holdings in iShares MSCI Global Gold Miners ETF by 6.9% in the 3rd quarter. Strategic Blueprint LLC now owns 5,843 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 376 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth about $49,000. Finally, Cloud Capital Management LLC purchased a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth approximately $85,000.

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.