iShares North American Natural Resources ETF (BATS:IGE) Reaches New 52-Week High – Still a Buy?

iShares North American Natural Resources ETF (BATS:IGE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.73 and last traded at $44.91, with a volume of 31033 shares. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Up 1.1 %

The stock has a fifty day simple moving average of $44.17 and a 200-day simple moving average of $44.68. The company has a market capitalization of $641.96 million, a P/E ratio of 9.97 and a beta of 0.59.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several institutional investors have recently added to or reduced their stakes in the company. Citizens & Northern Corp acquired a new stake in shares of iShares North American Natural Resources ETF during the fourth quarter worth approximately $18,736,000. Ameriprise Financial Inc. increased its holdings in iShares North American Natural Resources ETF by 3.1% during 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 in the last quarter. BNP Paribas Financial Markets acquired a new stake in iShares North American Natural Resources ETF during the 4th quarter valued at $2,136,000. JPMorgan Chase & Co. raised its position in 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 valued at $1,543,000 after purchasing an additional 5,696 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in iShares North American Natural Resources ETF by 1.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock worth $1,372,000 after purchasing an additional 406 shares in 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).