iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Down 7% – Should You Sell?

by · The Cerbat Gem

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) fell 7% during mid-day trading on Monday . The company traded as low as $73.50 and last traded at $73.1390. 133,595 shares were traded during mid-day trading, a decline of 68% from the average session volume of 415,406 shares. The stock had previously closed at $78.62.

iShares MSCI Global Gold Miners ETF Price Performance

The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50. The business has a fifty day moving average price of $67.52 and a 200 day moving average price of $57.69.

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 paid a dividend of $0.3775 per share. This represents a dividend yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 736.3% in the first quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock valued at $433,000 after buying an additional 9,940 shares during the period. Jones Financial Companies Lllp raised its position in iShares MSCI Global Gold Miners ETF by 546.3% in the first quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock worth $2,715,000 after acquiring an additional 53,970 shares in the last quarter. Versant Capital Management Inc lifted its holdings in iShares MSCI Global Gold Miners ETF by 1.2% in the 2nd quarter. Versant Capital Management Inc now owns 76,440 shares of the exchange traded fund’s stock valued at $3,347,000 after acquiring an additional 942 shares during the last quarter. Keystone Global Partners LLC grew its stake in shares of iShares MSCI Global Gold Miners ETF by 190.1% in the 2nd 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 during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter worth approximately $49,000.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

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.

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