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 on Monday . The stock traded as high as $45.73 and last traded at $43.60, with a volume of 31033 shares traded. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Price Performance

The firm has a fifty day moving average of $44.54 and a two-hundred day moving average of $44.66. The stock has a market capitalization of $619.55 million, a P/E ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

A number of large investors have recently modified their holdings of IGE. Leavell Investment Management Inc. boosted its position in iShares North American Natural Resources ETF by 11.5% in the fourth quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock valued at $528,000 after buying an additional 1,280 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 last quarter. Nations Financial Group Inc. IA ADV boosted its position in iShares North American Natural Resources ETF by 1.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock valued at $1,372,000 after buying an additional 406 shares during the last quarter. Finally, Citizens & Northern Corp purchased a new stake in iShares North American Natural Resources ETF in the fourth quarter valued at approximately $18,736,000.

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).