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

iShares North American Natural Resources ETF (BATS:IGE) shares reached a new 52-week high during trading on Monday . The stock traded as high as $59.22 and last traded at $59.25, with a volume of 191726 shares changing hands. The stock had previously closed at $58.29.

iShares North American Natural Resources ETF Trading Up 1.9%

The company has a market capitalization of $810.54 million, a P/E ratio of 16.66 and a beta of 0.79. The business’s 50-day simple moving average is $52.88 and its 200 day simple moving average is $49.51.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Several hedge funds have recently made changes to their positions in IGE. Westside Investment Management Inc. lifted its stake in iShares North American Natural Resources ETF by 2.4% during the fourth quarter. Westside Investment Management Inc. now owns 8,495 shares of the company’s stock valued at $428,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of iShares North American Natural Resources ETF by 2,675.0% in the fourth 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. Advisors Preferred LLC acquired a new stake in shares of iShares North American Natural Resources ETF during the 3rd quarter valued at $35,000. Rothschild Investment LLC boosted its stake in shares of iShares North American Natural Resources ETF by 2.6% during the 2nd quarter. Rothschild Investment LLC now owns 33,390 shares of the company’s stock worth $1,478,000 after acquiring an additional 855 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its holdings in shares of iShares North American Natural Resources ETF by 8.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 15,966 shares of the company’s stock worth $783,000 after acquiring an additional 1,193 shares during 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.