iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Hits New 1-Year High – Should You Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) reached a new 52-week high during trading on Friday . The company traded as high as $99.11 and last traded at $98.7960, with a volume of 116359 shares traded. The stock had previously closed at $97.54.

iShares MSCI Global Gold Miners ETF Stock Performance

The company has a 50-day moving average of $84.25 and a 200-day moving average of $69.89. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors 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 Trading of iShares MSCI Global Gold Miners ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. GPS Wealth Strategies Group LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 315.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 16,919 shares of the exchange traded fund’s stock worth $741,000 after buying an additional 12,849 shares in the last quarter. Jones Financial Companies Lllp boosted its position in iShares MSCI Global Gold Miners ETF by 55.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock worth $1,463,000 after acquiring an additional 8,141 shares during the last quarter. Ethos Financial Group LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $503,000. Prism Advisors Inc. acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $205,000. Finally, Strategic Blueprint LLC lifted its position in shares of iShares MSCI Global Gold Miners ETF by 12.0% in the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after purchasing an additional 700 shares in 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.