iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Cross Above 50-Day Moving Average of $23.97

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.97 and traded as high as $26.45. iShares MSCI Global Gold Miners ETF shares last traded at $26.04, with a volume of 284,552 shares.

iShares MSCI Global Gold Miners ETF Stock Performance

The stock’s 50-day simple moving average is $24.21 and its 200 day simple moving average is $23.35. The company has a market capitalization of $463.05 million, a PE ratio of 27.13 and a beta of 0.75.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Institutional investors have recently bought and sold shares of the business. E Fund Management Co. Ltd. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth approximately $3,075,000. Versant Capital Management Inc grew its position in shares of iShares MSCI Global Gold Miners ETF by 12.0% in the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after buying an additional 7,171 shares during the last quarter. Finally, Aspect Partners LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the 4th quarter worth $1,114,000.

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.