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

iShares North American Natural Resources ETF (BATS:IGE)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $45.73 and last traded at $46.26, with a volume of 31033 shares trading hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Trading Up 2.7 %

The firm has a market cap of $652.29 million, a P/E ratio of 9.97 and a beta of 0.59. The firm’s 50 day moving average is $44.86 and its two-hundred day moving average is $44.62.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IGE. Arkansas Financial Group Inc. bought a new stake in shares of iShares North American Natural Resources ETF in the 3rd quarter valued at $39,097,000. Nations Financial Group Inc. IA ADV grew its stake in 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 acquiring an additional 406 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in iShares North American Natural Resources ETF by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock valued at $1,340,000 after acquiring an additional 366 shares during the period.

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).