iShares North American Natural Resources ETF (BATS:IGE) Sets New 52-Week High at $44.09

iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high during trading on Monday . The stock traded as high as $44.09 and last traded at $42.16, with a volume of 89640 shares trading hands. The stock had previously closed at $43.20.

iShares North American Natural Resources ETF Price Performance

The business’s 50-day simple moving average is $44.23 and its 200-day simple moving average is $43.50. The company has a market cap of $594.17 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. raised its position 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 purchasing an additional 213,332 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of iShares North American Natural Resources ETF by 511.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 81,673 shares of the company’s stock valued at $3,326,000 after purchasing an additional 68,322 shares during the period. BNP Paribas Financial Markets raised its position in shares of iShares North American Natural Resources ETF by 101.2% in the fourth quarter. BNP Paribas Financial Markets now owns 100,588 shares of the company’s stock valued at $4,096,000 after purchasing an additional 50,588 shares during the period. Rothschild Investment LLC acquired a new stake in shares of iShares North American Natural Resources ETF in the second quarter worth $1,483,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of iShares North American Natural Resources ETF by 9,202.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 11,628 shares of the company’s stock worth $473,000 after acquiring an additional 11,503 shares during 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).