iShares North American Natural Resources ETF (BATS:IGE) Reaches New 1-Year High – What’s Next?

Shares of iShares North American Natural Resources ETF (BATS:IGE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $64.02 and last traded at $63.91, with a volume of 41657 shares changing hands. The stock had previously closed at $63.58.

iShares North American Natural Resources ETF Stock Up 0.3%

The firm has a market capitalization of $878.65 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 $59.07 and a 200 day moving average price of $60.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in shares of iShares North American Natural Resources ETF during the 1st quarter worth $1,910,000. NewEdge Advisors LLC grew its stake in shares of iShares North American Natural Resources ETF by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 4,823 shares of the company’s stock worth $242,000 after purchasing an additional 216 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in iShares North American Natural Resources ETF by 101.0% in the fourth 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 during the last quarter. Ameriprise Financial Inc. increased 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 buying an additional 4,927 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in iShares North American Natural Resources ETF by 47.8% in the first quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock valued at $1,212,000 after buying an additional 6,225 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.