iShares North American Natural Resources ETF (BATS:IGE) Hits New 12-Month High – Should You Buy?

iShares North American Natural Resources ETF (BATS:IGE) reached a new 52-week high during trading on Wednesday . The stock traded as high as $45.73 and last traded at $46.26, with a volume of 31033 shares trading hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Up 2.7 %

The business has a 50-day moving average price of $44.86 and a two-hundred day moving average price of $44.62. The company has a market cap of $652.29 million, a P/E ratio of 9.97 and a beta of 0.59.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of iShares North American Natural Resources ETF by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock worth $1,340,000 after buying an additional 366 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of iShares North American Natural Resources ETF by 1.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock valued at $1,372,000 after acquiring an additional 406 shares during the last quarter. Finally, Arkansas Financial Group Inc. bought a new stake in shares of iShares North American Natural Resources ETF during the 3rd quarter valued at $39,097,000.

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).