iShares North American Natural Resources ETF (BATS:IGE) Hits New 12-Month High – Should You Buy?

Posted by Carolyn Dwyer on Feb 3rd, 2025

iShares North American Natural Resources ETF (BATS:IGE – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $45.73 and last traded at $43.60, with a volume of 31033 shares trading hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Down 2.4 %

The company has a 50 day simple moving average of $44.54 and a 200-day simple moving average of $44.66. The stock has a market cap of $619.55 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Citizens & Northern Corp acquired a new stake in iShares North American Natural Resources ETF during the fourth quarter valued at $18,736,000. Nations Financial Group Inc. IA ADV raised its holdings in iShares North American Natural Resources ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock valued at $1,372,000 after buying an additional 406 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares North American Natural Resources ETF by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock valued at $1,340,000 after buying an additional 366 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its holdings in iShares North American Natural Resources ETF by 11.5% during the fourth quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock valued at $528,000 after buying an additional 1,280 shares in the last quarter.

iShares North American Natural Resources ETF Company Profile

(Get Free Report)

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).