iShares North American Natural Resources ETF (BATS:IGE) Hits New 1-Year 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 Thursday . The stock traded as high as $62.16 and last traded at $61.49, with a volume of 893281 shares traded. The stock had previously closed at $61.72.

iShares North American Natural Resources ETF Stock Up 1.3%

The firm has a market cap of $856.67 million, a P/E ratio of 16.66 and a beta of 0.79. The business’s 50 day moving average is $55.86 and its two-hundred day moving average is $50.96.

Institutional Trading of iShares North American Natural Resources ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new position in iShares North American Natural Resources ETF in the second quarter worth approximately $653,000. Westside Investment Management Inc. increased its holdings in shares of iShares North American Natural Resources ETF by 481.2% during the second quarter. Westside Investment Management Inc. now owns 8,195 shares of the company’s stock valued at $363,000 after acquiring an additional 6,785 shares in the last quarter. Family Firm Inc. grew its position in iShares North American Natural Resources ETF by 3.4% in the 2nd quarter. Family Firm Inc. now owns 316,622 shares of the company’s stock valued at $14,011,000 after purchasing an additional 10,269 shares during the period. IFP Advisors Inc purchased a new stake in iShares North American Natural Resources ETF during the third quarter valued at about $1,144,000. Finally, NewEdge Advisors LLC boosted its position in iShares North American Natural Resources ETF by 1,344.2% during the third quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock worth $226,000 after purchasing an additional 4,288 shares during the period.

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.