iShares North American Natural Resources ETF (BATS:IGE) Shares Cross Below 50 Day Moving Average – What’s Next?

iShares North American Natural Resources ETF (BATS:IGE) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $64.87 and traded as low as $64.28. iShares North American Natural Resources ETF shares last traded at $64.31, with a volume of 101,077 shares traded.

iShares North American Natural Resources ETF Stock Down 1.0%

The firm has a market capitalization of $877.83 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. The firm’s 50 day moving average is $64.87 and its 200 day moving average is $61.36.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of iShares North American Natural Resources ETF in the third quarter worth $34,000. Continuum Advisory LLC purchased a new position in shares of iShares North American Natural Resources ETF during the second quarter valued at $53,000. Parallel Advisors LLC raised its position in iShares North American Natural Resources ETF by 47.6% during the third quarter. Parallel Advisors LLC now owns 3,187 shares of the company’s stock valued at $196,000 after buying an additional 1,028 shares during the period. Fifth Third Securities Inc. raised its position in iShares North American Natural Resources ETF by 8.0% during the third quarter. Fifth Third Securities Inc. now owns 4,014 shares of the company’s stock valued at $247,000 after buying an additional 298 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in iShares North American Natural Resources ETF by 1.9% during the first quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock valued at $583,000 after buying an additional 171 shares during the period.

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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.