iShares North American Natural Resources ETF (BATS:IGE) Reaches New 1-Year High – What’s Next?

iShares North American Natural Resources ETF (BATS:IGE)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $62.16 and last traded at $61.49, with a volume of 893281 shares traded. The stock had previously closed at $61.72.

iShares North American Natural Resources ETF Price Performance

The company has a market capitalization of $839.34 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. The stock’s fifty day simple moving average is $55.35 and its two-hundred day simple moving average is $50.76.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of large investors have recently bought and sold shares of IGE. NewEdge Advisors LLC boosted its stake in iShares North American Natural Resources ETF by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 4,823 shares of the company’s stock valued at $242,000 after acquiring an additional 216 shares during the period. BNP Paribas Financial Markets raised its position in shares of iShares North American Natural Resources ETF by 101.0% during the 4th quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock worth $5,045,000 after purchasing an additional 50,500 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of iShares North American Natural Resources ETF by 2,675.0% in the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock worth $28,000 after purchasing an additional 535 shares during the last quarter. Westside Investment Management Inc. boosted its position in iShares North American Natural Resources ETF by 2.4% during the 4th quarter. Westside Investment Management Inc. now owns 8,495 shares of the company’s stock valued at $428,000 after purchasing an additional 200 shares during the period. Finally, IFP Advisors Inc acquired a new position in iShares North American Natural Resources ETF during the 3rd quarter valued at approximately $1,144,000.

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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.