iShares North American Natural Resources ETF (BATS:IGE) Sets New 1-Year High – Still a Buy?

iShares North American Natural Resources ETF (BATS:IGE)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $46.94 and last traded at $46.90, with a volume of 43363 shares trading hands. The stock had previously closed at $46.17.

iShares North American Natural Resources ETF Trading Up 1.6 %

The stock has a 50 day moving average price of $44.86 and a two-hundred day moving average price of $44.53. The company has a market cap of $661.29 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

Several hedge funds have recently made changes to their positions in IGE. Janney Montgomery Scott LLC raised its holdings in iShares North American Natural Resources ETF by 3.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,943 shares of the company’s stock valued at $447,000 after buying an additional 350 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of iShares North American Natural Resources ETF by 4.7% during the second quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock worth $1,352,000 after purchasing an additional 1,384 shares during the period. Rothschild Investment LLC purchased a new stake in shares of iShares North American Natural Resources ETF during the second quarter worth about $1,483,000. Family Firm Inc. grew its position in shares of 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 buying an additional 213,332 shares during the last quarter. Finally, Arkansas Financial Group Inc. purchased a new position in iShares North American Natural Resources ETF during the 3rd quarter valued at $39,097,000.

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).