iShares North American Natural Resources ETF (BATS:IGE) Hits New 12-Month High – Should You Buy?

iShares North American Natural Resources ETF (BATS:IGE)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $45.73 and last traded at $44.91, with a volume of 31033 shares traded. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Performance

The company’s 50-day moving average price is $44.16 and its 200 day moving average price is $44.66. The stock has a market capitalization of $639.01 million, a PE ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in shares of 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 acquiring an additional 859 shares in the last quarter. Leavell Investment Management Inc. increased its stake in shares of iShares North American Natural Resources ETF by 11.5% in the 4th quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock worth $528,000 after acquiring an additional 1,280 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares North American Natural Resources ETF by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock worth $1,340,000 after acquiring an additional 366 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of iShares North American Natural Resources ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock worth $1,372,000 after acquiring an additional 406 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of iShares North American Natural Resources ETF in the 4th quarter worth about $2,136,000.

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).