iShares North American Natural Resources ETF (BATS:IGE) Stock Price Pass Above 50-Day Moving Average – Here’s What Happened

iShares North American Natural Resources ETF (BATS:IGE)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $42.76 and traded as high as $45.73. iShares North American Natural Resources ETF shares last traded at $41.83, with a volume of 31,033 shares changing hands.

iShares North American Natural Resources ETF Stock Down 7.1 %

The company has a market cap of $596.06 million, a P/E ratio of 15.56 and a beta of 0.79. The business has a fifty day simple moving average of $42.76 and a two-hundred day simple moving average of $44.18.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in iShares North American Natural Resources ETF by 2,147.5% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the company’s stock worth $38,000 after acquiring an additional 859 shares during the period. CX Institutional bought a new position in iShares North American Natural Resources ETF in the 1st quarter worth $39,000. Westside Investment Management Inc. purchased a new position in iShares North American Natural Resources ETF during the first quarter valued at $64,000. Leavell Investment Management Inc. lifted its position in iShares North American Natural Resources ETF by 11.5% during the fourth quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock valued at $528,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in iShares North American Natural Resources ETF by 18.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,180 shares of the company’s stock worth $690,000 after buying an additional 2,418 shares in the last quarter.

About iShares North American Natural Resources ETF

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).