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

Shares of iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.73 and last traded at $43.60, with a volume of 31033 shares traded. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Stock Down 0.5 %

The company has a market capitalization of $631.54 million, a PE ratio of 9.97 and a beta of 0.59. The stock’s fifty day simple moving average is $44.43 and its 200-day simple moving average is $44.65.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its stake in shares of iShares North American Natural Resources ETF by 1.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock valued at $1,372,000 after buying an additional 406 shares in the last quarter. JPMorgan Chase & Co. increased 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 acquiring an additional 366 shares in the last quarter. Leavell Investment Management Inc. increased its position in 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 valued at $528,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Citizens & Northern Corp bought a new position in shares of iShares North American Natural Resources ETF in the fourth 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).