iShares North American Natural Resources ETF (BATS:IGE) Sets New 12-Month High – Time to Buy?

iShares North American Natural Resources ETF (BATS:IGE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.73 and last traded at $45.71, with a volume of 31033 shares. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Up 2.5 %

The business has a 50 day moving average price of $44.87 and a 200 day moving average price of $44.60. The stock has a market cap of $650.86 million, a P/E ratio of 9.97 and a beta of 0.59.

Institutional Trading of iShares North American Natural Resources ETF

Several institutional investors and hedge funds have recently made changes to their positions in IGE. JPMorgan Chase & Co. lifted its holdings in iShares North American Natural Resources ETF by 1.2% during the 3rd 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 in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of 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 purchasing an additional 406 shares during the period. Finally, Arkansas Financial Group Inc. bought a new position in iShares North American Natural Resources ETF in the third quarter worth approximately $39,097,000.

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).