iShares North American Natural Resources ETF (BATS:IGE) Sets New 12-Month High – Here’s Why

Shares of iShares North American Natural Resources ETF (BATS:IGE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.73 and last traded at $45.71, with a volume of 31033 shares traded. The stock had previously closed at $45.03.

iShares North American Natural Resources ETF Price Performance

The stock has a market capitalization of $645.36 million, a price-to-earnings ratio of 9.97 and a beta of 0.59. The company’s 50-day simple moving average is $44.89 and its 200-day simple moving average is $44.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of iShares North American Natural Resources ETF by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 30,415 shares of the company’s stock valued at $1,340,000 after acquiring an additional 366 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of iShares North American Natural Resources ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 31,137 shares of the company’s stock worth $1,372,000 after purchasing an additional 406 shares during the period. Finally, Arkansas Financial Group Inc. bought a new position in shares of iShares North American Natural Resources ETF during the third quarter worth approximately $39,097,000.

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).