iShares North American Natural Resources ETF (BATS:IGE) Sets New 52-Week High – Should You Buy?

iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high on Monday . The company traded as high as $45.62 and last traded at $45.45, with a volume of 295526 shares traded. The stock had previously closed at $45.60.

iShares North American Natural Resources ETF Price Performance

The business has a 50-day simple moving average of $44.37 and a two-hundred day simple moving average of $44.54. The stock has a market cap of $640.85 million, a price-to-earnings ratio of 9.97 and a beta of 0.59.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of iShares North American Natural Resources ETF by 0.5% in the first quarter. BNP Paribas Financial Markets now owns 101,088 shares of the company’s stock valued at $4,548,000 after purchasing an additional 500 shares during the last quarter. Janney Montgomery Scott LLC grew its position in iShares North American Natural Resources ETF by 3.6% during the first quarter. Janney Montgomery Scott LLC now owns 9,943 shares of the company’s stock worth $447,000 after buying an additional 350 shares in the last quarter. Rothschild Investment LLC acquired a new stake in iShares North American Natural Resources ETF during the second quarter worth approximately $1,483,000. Nations Financial Group Inc. IA ADV grew its position in iShares North American Natural Resources ETF by 4.7% during the second quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock worth $1,352,000 after buying an additional 1,384 shares in the last quarter. Finally, Family Firm Inc. grew its position in iShares North American Natural Resources ETF by 1.4% during the first quarter. Family Firm Inc. now owns 268,139 shares of the company’s stock worth $12,064,000 after buying an additional 3,712 shares in the last quarter.

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).