iShares North American Natural Resources ETF (BATS:IGE) Reaches New 52-Week High – Still a Buy?

iShares North American Natural Resources ETF (BATS:IGE) shares reached a new 52-week high on Tuesday . The stock traded as high as $46.17 and last traded at $45.10, with a volume of 47113 shares trading hands. The stock had previously closed at $45.98.

iShares North American Natural Resources ETF Price Performance

The stock’s 50 day simple moving average is $44.03 and its two-hundred day simple moving average is $44.50. The company has a market capitalization of $635.91 million, a P/E ratio of 9.97 and a beta of 0.59.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several large investors have recently made changes to their positions in IGE. Janney Montgomery Scott LLC lifted its position in iShares North American Natural Resources ETF by 3.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,943 shares of the company’s stock valued at $447,000 after purchasing an additional 350 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of iShares North American Natural Resources ETF by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 101,088 shares of the company’s stock valued at $4,548,000 after purchasing an additional 500 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares North American Natural Resources ETF by 4.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 30,731 shares of the company’s stock worth $1,352,000 after purchasing an additional 1,384 shares during the last quarter. Family Firm Inc. boosted its position in shares of iShares North American Natural Resources ETF by 1.4% in the 1st quarter. Family Firm Inc. now owns 268,139 shares of the company’s stock worth $12,064,000 after purchasing an additional 3,712 shares during the last quarter. Finally, Mcdaniel Terry & Co. acquired a new stake in shares of iShares North American Natural Resources ETF during the first quarter worth $263,000.

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).