iShares North American Natural Resources ETF (BATS:IGE) Sets New 12-Month High – What’s Next?

iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high during trading on Monday . The company traded as high as $47.32 and last traded at $46.80, with a volume of 35820 shares trading hands. The stock had previously closed at $47.27.

iShares North American Natural Resources ETF Trading Down 1.0 %

The stock has a market cap of $659.88 million, a PE ratio of 9.97 and a beta of 0.59. The business has a 50-day moving average price of $45.67 and a 200 day moving average price of $44.67.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of hedge funds have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV raised its stake in shares of 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 valued at $1,352,000 after acquiring an additional 1,384 shares during the period. Rothschild Investment LLC purchased a new position in shares of iShares North American Natural Resources ETF in the 2nd quarter valued at $1,483,000. Family Firm Inc. raised its stake in shares of iShares North American Natural Resources ETF by 79.6% in the 2nd 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 during the period. Finally, Arkansas Financial Group Inc. purchased a new position in shares of iShares North American Natural Resources ETF in 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).