iShares North American Natural Resources ETF (BATS:IGE) Reaches New 1-Year High – Time to Buy?

iShares North American Natural Resources ETF (BATS:IGEGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.25 and last traded at $45.40, with a volume of 109560 shares traded. The stock had previously closed at $45.44.

iShares North American Natural Resources ETF Price Performance

The stock has a market cap of $640.14 million, a price-to-earnings ratio of 9.97 and a beta of 0.59. The business’s 50 day moving average is $45.90 and its 200 day moving average is $44.70.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares North American Natural Resources ETF by 1.3% in the 3rd 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 period. Rothschild Investment LLC purchased a new stake in iShares North American Natural Resources ETF in the second quarter valued at approximately $1,483,000. Family Firm Inc. boosted its holdings in shares of 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 shares of iShares North American Natural Resources ETF during the third quarter worth approximately $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).

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