iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Hits New 12-Month High – Should You Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $86.88 and last traded at $87.0850, with a volume of 56715 shares trading hands. The stock had previously closed at $83.13.

iShares MSCI Global Gold Miners ETF Stock Performance

The stock has a market capitalization of $3.48 billion, a PE ratio of 19.24 and a beta of 0.50. The firm has a 50 day moving average of $72.89 and a 200-day moving average of $61.58.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.3775 per share. This represents a dividend yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in iShares MSCI Global Gold Miners ETF by 736.3% in the 1st quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock worth $433,000 after buying an additional 9,940 shares in the last quarter. Keystone Global Partners LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 190.1% during the second quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock worth $2,053,000 after acquiring an additional 30,727 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at $49,000. Strategic Blueprint LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at $239,000. Finally, GPS Wealth Strategies Group LLC grew its stake in iShares MSCI Global Gold Miners ETF by 315.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 16,919 shares of the exchange traded fund’s stock valued at $741,000 after purchasing an additional 12,849 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.