iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Hits New 1-Year High – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) reached a new 52-week high on Tuesday . The stock traded as high as $78.86 and last traded at $78.4450, with a volume of 199430 shares trading hands. The stock had previously closed at $76.05.

iShares MSCI Global Gold Miners ETF Stock Up 3.6%

The company has a market cap of $3.11 billion, a P/E ratio of 19.24 and a beta of 0.50. The company has a fifty day moving average of $68.86 and a 200 day moving average of $58.93.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 105.0%.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in iShares MSCI Global Gold Miners ETF by 1.2% during the second quarter. Versant Capital Management Inc now owns 76,440 shares of the exchange traded fund’s stock valued at $3,347,000 after buying an additional 942 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares MSCI Global Gold Miners ETF by 546.3% during the 1st quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock valued at $2,715,000 after acquiring an additional 53,970 shares during the period. Keystone Global Partners LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 190.1% in the 2nd quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock worth $2,053,000 after purchasing an additional 30,727 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 20.9% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock worth $1,323,000 after purchasing an additional 3,533 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in iShares MSCI Global Gold Miners ETF by 20.0% in the 3rd quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock worth $1,247,000 after purchasing an additional 3,208 shares during the period.

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.