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

iShares North American Natural Resources ETF (BATS:IGE) shares reached a new 52-week high during mid-day 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 1.5 %

The firm has a 50 day simple moving average of $44.85 and a 200-day simple moving average of $44.64. The company has a market cap of $644.37 million, a PE ratio of 9.97 and a beta of 0.59.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew 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 acquiring an additional 366 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of iShares North American Natural Resources ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock worth $1,372,000 after acquiring an additional 406 shares during the last quarter. Finally, Arkansas Financial Group Inc. purchased a new stake in shares of iShares North American Natural Resources ETF during the third quarter worth about $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).