iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Price Pass Above 50-Day Moving Average of $23.97

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.97 and traded as high as $26.45. iShares MSCI Global Gold Miners ETF shares last traded at $26.04, with a volume of 284,552 shares changing hands.

iShares MSCI Global Gold Miners ETF Trading Down 4.1 %

The firm has a market cap of $455.70 million, a price-to-earnings ratio of 27.13 and a beta of 0.75. The stock’s 50 day moving average is $23.97 and its 200 day moving average is $23.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in iShares MSCI Global Gold Miners ETF by 12.0% in the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after buying an additional 7,171 shares during the last quarter. Aspect Partners LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $1,114,000. Finally, E Fund Management Co. Ltd. acquired a new position in iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at about $3,075,000.

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.