iShares North American Natural Resources ETF (BATS:IGE) Reaches New 1-Year High – Time to Buy?

iShares North American Natural Resources ETF (BATS:IGEGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $46.25 and last traded at $45.40, with a volume of 109560 shares. The stock had previously closed at $45.44.

iShares North American Natural Resources ETF Stock Performance

The company’s 50 day moving average price is $45.87 and its 200-day moving average price is $44.69. The stock has a market cap of $640.14 million, a P/E ratio of 9.97 and a beta of 0.59.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted its stake in iShares North American Natural Resources ETF by 4.7% in the second quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock valued at $1,352,000 after purchasing an additional 1,384 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of iShares North American Natural Resources ETF in the second quarter valued at $1,483,000. Family Firm Inc. increased its holdings in iShares North American Natural Resources ETF by 79.6% in the 2nd quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock worth $21,185,000 after acquiring an additional 213,332 shares during the last quarter. Finally, Arkansas Financial Group Inc. bought a new stake in iShares North American Natural Resources ETF in the 3rd quarter valued at about $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).

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