iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 12-Month High – Should You Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $77.77 and last traded at $77.7930, with a volume of 69238 shares traded. The stock had previously closed at $74.74.

iShares MSCI Global Gold Miners ETF Stock Up 3.6%

The stock has a market cap of $3.06 billion, a P/E ratio of 19.24 and a beta of 0.50. The firm has a 50 day simple moving average of $66.64 and a 200-day simple moving average of $56.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several hedge funds and other institutional investors have recently modified their holdings of RING. 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 valued at $1,247,000 after acquiring an additional 3,208 shares during the period. United Capital Financial Advisors LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at approximately $285,000. Jones Financial Companies Lllp increased its stake in shares of iShares MSCI Global Gold Miners ETF by 55.0% during the third quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock worth $1,463,000 after purchasing an additional 8,141 shares during the period. Cloud Capital Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth approximately $85,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in iShares MSCI Global Gold Miners ETF by 20.9% during 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 during the last quarter.

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.