iShares North American Natural Resources ETF (BATS:IGE) Stock Pass Above 50-Day Moving Average – Here’s Why

iShares North American Natural Resources ETF (BATS:IGE) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $61.48 and traded as high as $62.18. iShares North American Natural Resources ETF shares last traded at $62.02, with a volume of 147,378 shares changing hands.

iShares North American Natural Resources ETF Stock Up 0.5%

The company has a market cap of $846.57 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. The firm has a 50-day simple moving average of $61.48 and a 200 day simple moving average of $55.82.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in iShares North American Natural Resources ETF by 101.0% in the 4th quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock valued at $5,045,000 after purchasing an additional 50,500 shares during the last quarter. IFP Advisors Inc purchased a new position in iShares North American Natural Resources ETF during the 3rd quarter worth $1,144,000. Ameriprise Financial Inc. grew its position in iShares North American Natural Resources ETF by 50.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock worth $724,000 after purchasing an additional 4,927 shares during the last quarter. NewEdge Advisors LLC increased its stake in iShares North American Natural Resources ETF by 1,344.2% in the third quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock valued at $226,000 after purchasing an additional 4,288 shares during the period. Finally, Peterson Wealth Services increased its stake in iShares North American Natural Resources ETF by 575.2% in the third quarter. Peterson Wealth Services now owns 2,910 shares of the company’s stock valued at $143,000 after purchasing an additional 2,479 shares during the period.

About iShares North American Natural Resources ETF

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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.