iShares North American Natural Resources ETF (BATS:IGE) Hits New 1-Year High – Should You Buy?

iShares North American Natural Resources ETF (BATS:IGE)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.73 and last traded at $44.53, with a volume of 31033 shares. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Price Performance

The business’s 50-day simple moving average is $44.19 and its two-hundred day simple moving average is $44.74. The stock has a market cap of $626.87 million, a price-to-earnings ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Several hedge funds have recently modified their holdings of IGE. Jones Financial Companies Lllp increased its holdings in iShares North American Natural Resources ETF by 2,147.5% in the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the company’s stock worth $38,000 after purchasing an additional 859 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of iShares North American Natural Resources ETF by 11.5% during the fourth quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock worth $528,000 after purchasing an additional 1,280 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares North American Natural Resources ETF by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock valued at $1,340,000 after buying an additional 366 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in iShares North American Natural Resources ETF by 1.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock worth $1,372,000 after buying an additional 406 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in iShares North American Natural Resources ETF in the fourth quarter valued at $2,136,000.

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).