iShares North American Natural Resources ETF (BATS:IGE) Hits New 52-Week High – Here’s Why

Shares of iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.94 and last traded at $46.90, with a volume of 43363 shares changing hands. The stock had previously closed at $46.17.

iShares North American Natural Resources ETF Trading Up 0.8 %

The company has a 50 day simple moving average of $45.04 and a 200 day simple moving average of $44.56. The stock has a market capitalization of $666.51 million, a PE ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of iShares North American Natural Resources ETF by 3.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,943 shares of the company’s stock worth $447,000 after acquiring an additional 350 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of iShares North American Natural Resources ETF by 1.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock valued at $1,372,000 after purchasing an additional 406 shares during the last quarter. Rothschild Investment LLC purchased a new stake in iShares North American Natural Resources ETF in the 2nd quarter valued at approximately $1,483,000. Family Firm Inc. increased its position in iShares North American Natural Resources ETF by 79.6% during the second quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock worth $21,185,000 after buying an additional 213,332 shares in the last quarter. Finally, Arkansas Financial Group Inc. acquired a new stake in shares of iShares North American Natural Resources ETF during the third quarter valued at $39,097,000.

iShares North American Natural Resources ETF Company Profile

iShares North American Natural Resources ETF, formerly iShares S&P North American Natural Resources Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index (the Index).