iShares North American Natural Resources ETF (BATS:IGE) Sets New 52-Week High – Should You Buy?

iShares North American Natural Resources ETF (BATS:IGE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $45.62 and last traded at $45.45, with a volume of 295526 shares. The stock had previously closed at $45.60.

iShares North American Natural Resources ETF Trading Down 0.3 %

The company’s 50 day moving average is $44.37 and its 200-day moving average is $44.54. The firm has a market capitalization of $640.85 million, a price-to-earnings ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its holdings in shares of iShares North American Natural Resources ETF by 3.6% during the first quarter. Janney Montgomery Scott LLC now owns 9,943 shares of the company’s stock valued at $447,000 after purchasing an additional 350 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares North American Natural Resources ETF by 4.7% in the second quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock worth $1,352,000 after purchasing an additional 1,384 shares during the period. Rothschild Investment LLC bought a new position in shares of iShares North American Natural Resources ETF in the second quarter worth approximately $1,483,000. BNP Paribas Financial Markets boosted its position in shares of iShares North American Natural Resources ETF by 0.5% in the first quarter. BNP Paribas Financial Markets now owns 101,088 shares of the company’s stock worth $4,548,000 after purchasing an additional 500 shares during the period. Finally, Family Firm Inc. boosted its position in shares of iShares North American Natural Resources ETF by 1.4% during the first quarter. Family Firm Inc. now owns 268,139 shares of the company’s stock worth $12,064,000 after acquiring an additional 3,712 shares during the last quarter.

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).