iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 52-Week High – Here’s Why

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares reached a new 52-week high during trading on Monday . The stock traded as high as $58.03 and last traded at $57.62, with a volume of 29184 shares traded. The stock had previously closed at $56.94.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a 50-day moving average of $47.65 and a 200 day moving average of $42.49. The company has a market cap of $1.95 billion, a PE ratio of 19.24 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a dividend of $0.2384 per share. The ex-dividend date was Monday, June 16th. This is an increase from iShares MSCI Global Gold Miners ETF’s previous dividend of $0.22.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of RING. Trust Co. of Toledo NA OH bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at approximately $49,000. Cloud Capital Management LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the first quarter valued at approximately $50,000. EverSource Wealth Advisors LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at approximately $100,000. Creative Financial Designs Inc. ADV bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the first quarter valued at approximately $121,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the first quarter valued at approximately $156,000.

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.