iShares North American Natural Resources ETF (BATS:IGE) Shares Pass Above Fifty 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 $45.56 and traded as high as $45.73. iShares North American Natural Resources ETF shares last traded at $48.11, with a volume of 31,033 shares traded.

iShares North American Natural Resources ETF Stock Performance

The company’s 50-day moving average price is $45.56 and its 200 day moving average price is $44.06. The stock has a market capitalization of $656.70 million, a P/E ratio of 16.66 and a beta of 0.79.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

Hedge funds have recently made changes to their positions in the business. CX Institutional purchased a new stake in shares of iShares North American Natural Resources ETF during the first quarter worth about $39,000. Westside Investment Management Inc. purchased a new position in iShares North American Natural Resources ETF in the 1st quarter worth approximately $64,000. Flow Traders U.S. LLC bought a new position in iShares North American Natural Resources ETF in the 2nd quarter worth approximately $653,000. Leavell Investment Management Inc. grew its holdings in iShares North American Natural Resources ETF by 22.3% during the 1st quarter. Leavell Investment Management Inc. now owns 15,119 shares of the company’s stock valued at $687,000 after buying an additional 2,752 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of iShares North American Natural Resources ETF by 18.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,180 shares of the company’s stock valued at $690,000 after buying an additional 2,418 shares during the last quarter.

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).