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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $95.25 and last traded at $95.6510, with a volume of 104978 shares trading hands. The stock had previously closed at $91.41.

iShares MSCI Global Gold Miners ETF Trading Up 3.8%

The company has a market capitalization of $3.78 billion, a PE ratio of 19.24 and a beta of 0.50. The stock’s fifty day moving average is $74.69 and its two-hundred day moving average is $62.85.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors have recently added to or reduced their stakes in the business. Keystone Global Partners LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 190.1% in the second 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. Strategic Blueprint LLC bought a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth approximately $239,000. GPS Wealth Strategies Group LLC grew its stake in iShares MSCI Global Gold Miners ETF by 315.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 16,919 shares of the exchange traded fund’s stock valued at $741,000 after buying an additional 12,849 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at $49,000. Finally, NewEdge Advisors LLC lifted its position in shares of iShares MSCI Global Gold Miners ETF by 736.3% during the first quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock worth $433,000 after acquiring an additional 9,940 shares in the last quarter.

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.