iShares North American Natural Resources ETF (BATS:IGE) Stock Cross Above 50 Day Moving Average – Here’s What Happened

iShares North American Natural Resources ETF (BATS:IGE) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $53.86 and traded as high as $60.44. iShares North American Natural Resources ETF shares last traded at $60.34, with a volume of 189,693 shares trading hands.

iShares North American Natural Resources ETF Stock Performance

The company has a 50 day moving average of $54.04 and a 200-day moving average of $50.12. The stock has a market cap of $809.45 million, a price-to-earnings ratio of 16.66 and a beta of 0.79.

Institutional Trading of iShares North American Natural Resources ETF

Several hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. lifted its stake in iShares North American Natural Resources ETF by 3.4% in the second quarter. Family Firm Inc. now owns 316,622 shares of the company’s stock worth $14,011,000 after acquiring an additional 10,269 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in iShares North American Natural Resources ETF by 101.0% during the 4th quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock worth $5,045,000 after buying an additional 50,500 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of iShares North American Natural Resources ETF by 2.6% during the 2nd quarter. Rothschild Investment LLC now owns 33,390 shares of the company’s stock worth $1,478,000 after acquiring an additional 855 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of iShares North American Natural Resources ETF during the 3rd quarter worth about $1,144,000. Finally, Leavell Investment Management Inc. boosted its holdings in iShares North American Natural Resources ETF by 8.1% in the third quarter. Leavell Investment Management Inc. now owns 15,966 shares of the company’s stock valued at $783,000 after purchasing an additional 1,193 shares in 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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.