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

iShares North American Natural Resources ETF (BATS:IGE) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $61.49 and traded as high as $67.00. iShares North American Natural Resources ETF shares last traded at $66.35, with a volume of 446,631 shares traded.

iShares North American Natural Resources ETF Stock Down 1.4%

The company has a market capitalization of $897.21 million, a P/E ratio of 16.66 and a beta of 0.79. The firm has a 50-day moving average price of $61.89 and a two-hundred day moving average price of $61.13.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of iShares North American Natural Resources ETF by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 9,266 shares of the company’s stock valued at $583,000 after buying an additional 171 shares during the period. NewEdge Advisors LLC increased its stake in 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 valued at $242,000 after acquiring an additional 216 shares during the period. Continuum Advisory LLC acquired a new position in iShares North American Natural Resources ETF in the 2nd quarter valued at approximately $53,000. Nalls Sherbakoff Group LLC acquired a new position in iShares North American Natural Resources ETF in the 4th quarter valued at approximately $53,000. Finally, Ameriprise Financial Inc. raised its holdings in iShares North American Natural Resources ETF by 50.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,752 shares of the company’s stock valued at $724,000 after acquiring an additional 4,927 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.