iShares North American Natural Resources ETF (BATS:IGE) Reaches New 12-Month High – Still a Buy?

iShares North American Natural Resources ETF (BATS:IGEGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.40 and last traded at $43.79, with a volume of 257558 shares traded. The stock had previously closed at $44.54.

iShares North American Natural Resources ETF Stock Performance

The stock has a market cap of $608.84 million, a PE ratio of 9.97 and a beta of 0.59. The firm has a 50-day moving average price of $45.79 and a 200-day moving average price of $44.68.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its stake in iShares North American Natural Resources ETF by 4.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock valued at $1,352,000 after buying an additional 1,384 shares during the last quarter. Rothschild Investment LLC purchased a new stake in iShares North American Natural Resources ETF during the second quarter valued at $1,483,000. Family Firm Inc. lifted its holdings in iShares North American Natural Resources ETF by 79.6% in the second quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock valued at $21,185,000 after acquiring an additional 213,332 shares during the period. Finally, Arkansas Financial Group Inc. purchased a new position in iShares North American Natural Resources ETF in the third quarter worth about $39,097,000.

About iShares North American Natural Resources ETF

(Get Free Report)

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).

Further Reading

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