iShares North American Natural Resources ETF (BATS:IGE) Stock Price Cross Above 50 Day Moving Average – Here’s What Happened
by Kim Johansen · The Markets DailyShares of iShares North American Natural Resources ETF (BATS:IGE – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $59.89 and traded as high as $63.91. iShares North American Natural Resources ETF shares last traded at $62.44, with a volume of 320,047 shares traded.
iShares North American Natural Resources ETF Price Performance
The business’s 50 day moving average price is $60.19 and its 200-day moving average price is $53.33. The firm has a market capitalization of $846.98 million, a price-to-earnings ratio of 16.66 and a beta of 0.79.
Hedge Funds Weigh In On iShares North American Natural Resources ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of iShares North American Natural Resources ETF by 101.0% in 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 during the period. IFP Advisors Inc purchased a new position in iShares North American Natural Resources ETF in the third quarter worth $1,144,000. Leavell Investment Management Inc. raised its position in iShares North American Natural Resources ETF by 8.1% in the third 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 in the last quarter. Flow Traders U.S. LLC acquired a new stake in iShares North American Natural Resources ETF in the second quarter valued at $653,000. Finally, Ameriprise Financial Inc. lifted 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 acquiring an additional 4,927 shares during the period.
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.