iShares North American Natural Resources ETF (BATS:IGE) Sets New 52-Week High – Should You 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 $45.73 and last traded at $42.85, with a volume of 31033 shares changing hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Trading Down 4.5 %

The company has a fifty day moving average of $44.39 and a 200-day moving average of $44.71. The company has a market capitalization of $597.96 million, a price-to-earnings ratio of 14.91 and a beta of 1.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Citizens & Northern Corp purchased a new stake in shares of iShares North American Natural Resources ETF during the fourth quarter worth $18,736,000. Ameriprise Financial Inc. lifted its stake in shares of iShares North American Natural Resources ETF by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 142,082 shares of the company’s stock valued at $6,071,000 after purchasing an additional 4,237 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in iShares North American Natural Resources ETF in the 4th quarter valued at about $2,136,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares North American Natural Resources ETF by 18.7% in the 4th quarter. JPMorgan Chase & Co. now owns 36,111 shares of the company’s stock worth $1,543,000 after acquiring an additional 5,696 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in 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 valued at $1,372,000 after purchasing an additional 406 shares during the last quarter.

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).