iShares North American Natural Resources ETF (BATS:IGE) Stock Cross Above 50-Day Moving Average – Here’s Why

iShares North American Natural Resources ETF (BATS:IGE) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $53.86 and traded as high as $60.44. iShares North American Natural Resources ETF shares last traded at $60.34, with a volume of 189,693 shares traded.

iShares North American Natural Resources ETF Stock Up 2.0%

The company has a market capitalization of $823.64 million, a P/E ratio of 16.66 and a beta of 0.79. The business has a 50 day simple moving average of $53.86 and a 200-day simple moving average of $50.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in shares of iShares North American Natural Resources ETF during the second quarter worth approximately $653,000. Westside Investment Management Inc. raised its stake in iShares North American Natural Resources ETF by 481.2% during the 2nd quarter. Westside Investment Management Inc. now owns 8,195 shares of the company’s stock valued at $363,000 after acquiring an additional 6,785 shares in the last quarter. Family Firm Inc. raised its stake in iShares North American Natural Resources ETF by 3.4% during the 2nd quarter. Family Firm Inc. now owns 316,622 shares of the company’s stock valued at $14,011,000 after acquiring an additional 10,269 shares in the last quarter. Rothschild Investment LLC boosted its position in 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 during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of iShares North American Natural Resources ETF by 101.0% in the fourth quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock worth $5,045,000 after purchasing an additional 50,500 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.