iShares North American Natural Resources ETF (BATS:IGE) Reaches New 52-Week High – What’s Next?

iShares North American Natural Resources ETF (BATS:IGEGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.15 and last traded at $47.15, with a volume of 182701 shares changing hands. The stock had previously closed at $48.01.

iShares North American Natural Resources ETF Price Performance

The firm has a market cap of $665.10 million, a P/E ratio of 9.97 and a beta of 0.59. The firm’s 50-day moving average price is $45.35 and its 200 day moving average price is $44.61.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IGE. Family Firm Inc. lifted its stake in iShares North American Natural Resources ETF by 79.6% during the second quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock worth $21,185,000 after purchasing an additional 213,332 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in iShares North American Natural Resources ETF by 4.7% during the 2nd 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 during the last quarter. Rothschild Investment LLC acquired a new stake in iShares North American Natural Resources ETF in the second quarter worth $1,483,000. Finally, Arkansas Financial Group Inc. acquired a new position in shares of iShares North American Natural Resources ETF during the third quarter valued at $39,097,000.

About iShares North American Natural Resources ETF

(Get Free Report)

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).

Read More

Receive News & Ratings for iShares North American Natural Resources ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares North American Natural Resources ETF and related companies with MarketBeat.com's FREE daily email newsletter.