iShares North American Natural Resources ETF (BATS:IGE) Reaches New 52-Week High – Here’s Why

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 $48.15 and last traded at $47.15, with a volume of 182701 shares changing hands. The stock had previously closed at $48.01.

iShares North American Natural Resources ETF Stock Performance

The stock has a market cap of $663.26 million, a P/E ratio of 9.97 and a beta of 0.59. The stock has a 50-day moving average price of $45.56 and a 200-day moving average price of $44.65.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new stake in shares of iShares North American Natural Resources ETF during the 2nd quarter valued at $1,483,000. Nations Financial Group Inc. IA ADV increased its stake in iShares North American Natural Resources ETF by 4.7% in the second quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock valued at $1,352,000 after acquiring an additional 1,384 shares during the last quarter. Arkansas Financial Group Inc. purchased a new stake in iShares North American Natural Resources ETF during the third quarter valued at about $39,097,000. Finally, Family Firm Inc. lifted its stake in iShares North American Natural Resources ETF by 79.6% during the second quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock worth $21,185,000 after purchasing an additional 213,332 shares during the last quarter.

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).