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

iShares North American Natural Resources ETF (BATS:IGE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.25 and last traded at $45.40, with a volume of 109560 shares traded. The stock had previously closed at $45.44.

iShares North American Natural Resources ETF Trading Up 0.7 %

The firm’s fifty day moving average price is $45.90 and its 200-day moving average price is $44.70. The company has a market cap of $640.14 million, a P/E ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

A number of institutional investors have recently modified their holdings of IGE. Family Firm Inc. increased its position in shares of iShares North American Natural Resources ETF by 79.6% during the second quarter. Family Firm Inc. now owns 481,471 shares of the company’s stock valued at $21,185,000 after acquiring an additional 213,332 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in iShares North American Natural Resources ETF by 4.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock worth $1,352,000 after purchasing an additional 1,384 shares during the period. Rothschild Investment LLC purchased a new stake in iShares North American Natural Resources ETF during the 2nd quarter valued at $1,483,000. Finally, Arkansas Financial Group Inc. bought a new position in shares of iShares North American Natural Resources ETF during the 3rd quarter valued at $39,097,000.

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).