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

iShares North American Natural Resources ETF (BATS:IGE)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $61.50 and traded as high as $62.63. iShares North American Natural Resources ETF shares last traded at $61.81, with a volume of 245,646 shares trading hands.

iShares North American Natural Resources ETF Price Performance

The stock’s 50-day moving average price is $61.50 and its 200-day moving average price is $56.41. The company has a market cap of $843.71 million, a P/E ratio of 16.66 and a beta of 0.79.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in shares of iShares North American Natural Resources ETF by 2,675.0% in the fourth quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $28,000 after acquiring an additional 535 shares during the period. Advisors Preferred LLC bought a new stake in shares of iShares North American Natural Resources ETF in the third quarter valued at about $35,000. Nalls Sherbakoff Group LLC bought a new stake in shares of iShares North American Natural Resources ETF in the fourth quarter valued at about $53,000. Peterson Wealth Services boosted its position in shares of iShares North American Natural Resources ETF by 575.2% in the third quarter. Peterson Wealth Services now owns 2,910 shares of the company’s stock valued at $143,000 after acquiring an additional 2,479 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of iShares North American Natural Resources ETF by 1,344.2% in the third quarter. NewEdge Advisors LLC now owns 4,607 shares of the company’s stock valued at $226,000 after acquiring an additional 4,288 shares during the period.

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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.