iShares North American Natural Resources ETF (BATS:IGE) Hits New 52-Week High – Time to Buy?

Shares of iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high on Wednesday . The company traded as high as $45.73 and last traded at $46.26, with a volume of 31033 shares. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Up 1.5 %

The firm has a market cap of $644.37 million, a PE ratio of 9.97 and a beta of 0.59. The stock has a 50 day moving average price of $44.85 and a two-hundred day moving average price of $44.64.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

A number of large investors have recently modified their holdings of the business. Arkansas Financial Group Inc. acquired a new stake in shares of iShares North American Natural Resources ETF during the third quarter worth about $39,097,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of iShares North American Natural Resources ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock worth $1,372,000 after purchasing an additional 406 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares North American Natural Resources ETF by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock worth $1,340,000 after purchasing an additional 366 shares during the period.

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).