iShares North American Natural Resources ETF (BATS:IGE) Reaches New 12-Month High – Here’s What Happened

iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high on Tuesday . The company traded as high as $45.73 and last traded at $44.78, with a volume of 31033 shares traded. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Trading Down 0.6 %

The company has a market capitalization of $631.40 million, a PE ratio of 9.97 and a beta of 0.59. The business’s fifty day moving average is $44.83 and its two-hundred day moving average is $44.68.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arkansas Financial Group Inc. bought a new position in iShares North American Natural Resources ETF in the 3rd quarter valued at approximately $39,097,000. Nations Financial Group Inc. IA ADV lifted its position in 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 acquiring an additional 406 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in iShares North American Natural Resources ETF by 1.2% in the 3rd 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 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).