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

Shares of iShares North American Natural Resources ETF (BATS:IGE) reached a new 52-week high on Monday . The stock traded as high as $45.73 and last traded at $45.08, with a volume of 31033 shares trading hands. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Price Performance

The stock’s fifty day simple moving average is $44.26 and its two-hundred day simple moving average is $44.65. The company has a market capitalization of $640.27 million, a price-to-earnings ratio of 9.97 and a beta of 0.59.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Several institutional investors and hedge funds have recently bought and sold shares of IGE. Jones Financial Companies Lllp lifted its stake in iShares North American Natural Resources ETF by 2,147.5% in the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the company’s stock valued at $38,000 after buying an additional 859 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of iShares North American Natural Resources ETF by 11.5% in the 4th quarter. Leavell Investment Management Inc. now owns 12,367 shares of the company’s stock worth $528,000 after acquiring an additional 1,280 shares during the period. JPMorgan Chase & Co. lifted its position in iShares North American Natural Resources ETF by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock valued at $1,340,000 after purchasing an additional 366 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in 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 purchasing an additional 406 shares during the period. Finally, Citizens & Northern Corp bought a new position in iShares North American Natural Resources ETF in the 4th quarter worth about $18,736,000.

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).