iShares North American Natural Resources ETF (BATS:IGE) Sets New 12-Month High – Should You Buy?

iShares North American Natural Resources ETF (BATS:IGE) shares reached a new 52-week high during trading on Monday . The stock traded as high as $64.02 and last traded at $63.91, with a volume of 41657 shares changing hands. The stock had previously closed at $63.58.

iShares North American Natural Resources ETF Stock Performance

The firm has a 50 day simple moving average of $58.88 and a two-hundred day simple moving average of $60.19. The stock has a market cap of $874.69 million, a P/E ratio of 16.66 and a beta of 0.79.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in iShares North American Natural Resources ETF by 101.0% in the fourth 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. Arkadios Wealth Advisors acquired a new position in iShares North American Natural Resources ETF during the 1st quarter valued at about $1,910,000. Sunbelt Securities Inc. increased its stake in iShares North American Natural Resources ETF by 47.8% during the 1st quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock valued at $1,212,000 after buying an additional 6,225 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares North American Natural Resources ETF by 50.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock worth $724,000 after buying an additional 4,927 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of iShares North American Natural Resources ETF by 1,344.2% during the 3rd quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock worth $226,000 after buying an additional 4,288 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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.