iShares North American Natural Resources ETF (BATS:IGE) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of iShares North American Natural Resources ETF (BATS:IGE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $59.00 and traded as high as $60.84. iShares North American Natural Resources ETF shares last traded at $60.27, with a volume of 56,206 shares traded.

iShares North American Natural Resources ETF Trading Down 0.0%

The stock has a market capitalization of $822.69 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. The stock has a 50-day moving average price of $59.00 and a 200 day moving average price of $59.41.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its holdings in iShares North American Natural Resources ETF by 50.1% in the third quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock valued at $724,000 after purchasing an additional 4,927 shares during the period. NewEdge Advisors LLC raised its stake in shares of iShares North American Natural Resources ETF by 1,344.2% during the 3rd quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock worth $226,000 after buying an additional 4,288 shares during the period. Westside Investment Management Inc. raised its stake in shares of iShares North American Natural Resources ETF by 2.4% during the 4th quarter. Westside Investment Management Inc. now owns 8,495 shares of the company’s stock worth $428,000 after buying an additional 200 shares during the period. Farther Finance Advisors LLC lifted its position in shares of iShares North American Natural Resources ETF by 2,675.0% during the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $28,000 after buying an additional 535 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of iShares North American Natural Resources ETF by 101.0% during the 4th quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock valued at $5,045,000 after buying an additional 50,500 shares in the last quarter.

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