iShares North American Natural Resources ETF (BATS:IGE) Sets New 52-Week High – What’s Next?

Shares of iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high during trading on Monday . The company traded as high as $64.02 and last traded at $63.91, with a volume of 41657 shares trading hands. The stock had previously closed at $63.58.

iShares North American Natural Resources ETF Price Performance

The firm has a 50-day simple moving average of $58.88 and a 200 day simple moving average of $60.19. The company has a market capitalization of $874.69 million, a PE ratio of 16.66 and a beta of 0.79.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in iShares North American Natural Resources ETF by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock valued at $583,000 after purchasing an additional 171 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares North American Natural Resources ETF by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 4,823 shares of the company’s stock valued at $242,000 after purchasing an additional 216 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of iShares North American Natural Resources ETF by 2,675.0% during the fourth quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $28,000 after buying an additional 535 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of iShares North American Natural Resources ETF during the fourth quarter valued at approximately $53,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares North American Natural Resources ETF by 50.1% during the third quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock valued at $724,000 after buying an additional 4,927 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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.