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

iShares North American Natural Resources ETF (BATS:IGE) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.15 and last traded at $47.15, with a volume of 182701 shares. The stock had previously closed at $48.01.

iShares North American Natural Resources ETF Stock Performance

The company has a market capitalization of $665.10 million, a PE ratio of 9.97 and a beta of 0.59. The business has a fifty day moving average price of $45.35 and a 200 day moving average price of $44.61.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Large investors have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV grew its holdings in iShares North American Natural Resources ETF by 4.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock valued at $1,352,000 after purchasing an additional 1,384 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of iShares North American Natural Resources ETF during the second quarter valued at about $1,483,000. Family Firm Inc. lifted its stake in shares of iShares North American Natural Resources ETF by 79.6% in the second quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock worth $21,185,000 after acquiring an additional 213,332 shares in the last quarter. Finally, Arkansas Financial Group Inc. acquired a new stake in iShares North American Natural Resources ETF during the 3rd quarter valued at 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).