iShares North American Natural Resources ETF (BATS:IGE) Share Price Cross Below 200 Day Moving Average – Here’s What Happened

Shares of iShares North American Natural Resources ETF (BATS:IGE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.68 and traded as low as $59.13. iShares North American Natural Resources ETF shares last traded at $60.03, with a volume of 47,446 shares.

iShares North American Natural Resources ETF Price Performance

The stock has a market cap of $819.41 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. The stock’s 50 day simple moving average is $58.74 and its two-hundred day simple moving average is $59.68.

Institutional Trading of iShares North American Natural Resources ETF

Several institutional investors have recently made changes to their positions in IGE. Janney Montgomery Scott LLC raised its position in 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 worth $583,000 after purchasing an additional 171 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of iShares North American Natural Resources ETF by 2.4% in the 4th quarter. Westside Investment Management Inc. now owns 8,495 shares of the company’s stock valued at $428,000 after purchasing an additional 200 shares during the period. NewEdge Advisors LLC grew its stake in shares of iShares North American Natural Resources ETF by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 4,823 shares of the company’s stock valued at $242,000 after purchasing an additional 216 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of iShares North American Natural Resources ETF by 2,675.0% in the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock worth $28,000 after buying an additional 535 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of iShares North American Natural Resources ETF in the 4th quarter worth approximately $53,000.

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.