iShares North American Natural Resources ETF (BATS:IGE) Sets New 1-Year High – Here’s Why

iShares North American Natural Resources ETF (BATS:IGE) reached a new 52-week high on Monday . The stock traded as high as $45.73 and last traded at $44.61, with a volume of 31033 shares trading hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Down 4.9 %

The company has a market cap of $595.35 million, a price-to-earnings ratio of 14.91 and a beta of 1.13. The business has a 50-day simple moving average of $44.37 and a two-hundred day simple moving average of $44.74.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IGE. BNP Paribas Financial Markets acquired a new position in iShares North American Natural Resources ETF in the 4th quarter valued at $2,136,000. Ameriprise Financial Inc. grew its position in shares of iShares North American Natural Resources ETF by 3.1% in the fourth 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. JPMorgan Chase & Co. increased its stake in shares of iShares North American Natural Resources ETF by 18.7% in the fourth quarter. JPMorgan Chase & Co. now owns 36,111 shares of the company’s stock worth $1,543,000 after purchasing an additional 5,696 shares during the period. Jones Financial Companies Lllp lifted its position in shares of iShares North American Natural Resources ETF by 2,147.5% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the company’s stock worth $38,000 after purchasing an additional 859 shares during the last quarter. Finally, Citizens & Northern Corp acquired a new position in shares of iShares North American Natural Resources ETF during the 4th quarter worth about $18,736,000.

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).