iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Cross Below 200 Day Moving Average – Should You Sell?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.31 and traded as low as $30.02. iShares MSCI Global Gold Miners ETF shares last traded at $30.61, with a volume of 156,285 shares traded.

iShares MSCI Global Gold Miners ETF Stock Down 0.3 %

The company has a market cap of $951.91 million, a PE ratio of 28.50 and a beta of 0.75. The stock has a 50-day moving average of $29.90 and a 200-day moving average of $31.32.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 15.4% during the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 10,209 shares during the last quarter. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF during the third quarter worth about $245,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in iShares MSCI Global Gold Miners ETF during the second quarter worth about $43,000.

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.