iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Cross Below 200 Day Moving Average – What’s Next?

Posted by Stephan Jacobs on Dec 27th, 2024

iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.05 and traded as low as $28.29. iShares MSCI Global Gold Miners ETF shares last traded at $28.48, with a volume of 55,479 shares trading hands.

iShares MSCI Global Gold Miners ETF Stock Up 0.4 %

The stock’s 50 day moving average price is $31.28 and its two-hundred day moving average price is $31.02. The stock has a market cap of $626.34 million, a price-to-earnings ratio of 28.50 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

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 was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of RING. Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI Global Gold Miners ETF during the second quarter valued at approximately $43,000. Fisher Asset Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the third quarter valued at $245,000. Finally, E Fund Management Co. Ltd. increased its holdings 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 buying an additional 8,739 shares in the last quarter.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

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.