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

iShares North American Natural Resources ETF (BATS:IGE)’s stock price hit a new 52-week high on Monday . The company traded as high as $45.73 and last traded at $44.53, with a volume of 31033 shares changing hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Down 2.1 %

The firm’s 50 day moving average is $44.20 and its two-hundred day moving average is $44.75. The stock has a market cap of $621.46 million, a price-to-earnings ratio of 9.97 and a beta of 0.59.

Institutional Trading of iShares North American Natural Resources ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in iShares North American Natural Resources ETF by 2,147.5% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the company’s stock worth $38,000 after buying an additional 859 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of iShares North American Natural Resources ETF by 11.5% during the fourth quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock valued at $528,000 after acquiring an additional 1,280 shares during the period. JPMorgan Chase & Co. grew its position 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 acquiring an additional 366 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings 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 during the period. Finally, BNP Paribas Financial Markets bought a new stake in iShares North American Natural Resources ETF in the 4th quarter valued at about $2,136,000.

About iShares North American Natural Resources ETF

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).