iShares North American Natural Resources ETF (BATS:IGE) Stock Price Pass Below Two Hundred 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 $49.35 and traded as low as $47.37. iShares North American Natural Resources ETF shares last traded at $58.3250, with a volume of 68,343 shares trading hands.

iShares North American Natural Resources ETF Stock Performance

The business’s fifty day moving average price is $52.70 and its 200-day moving average price is $49.35. The stock has a market cap of $796.14 million, a PE ratio of 16.66 and a beta of 0.79.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in iShares North American Natural Resources ETF by 2,675.0% during the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $28,000 after buying an additional 535 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of iShares North American Natural Resources ETF during the third quarter worth approximately $35,000. Peterson Wealth Services raised its stake in shares of iShares North American Natural Resources ETF by 575.2% during 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 in the last quarter. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 4,288 shares during the period. Finally, Westside Investment Management Inc. grew its stake in iShares North American Natural Resources ETF by 481.2% in the second quarter. Westside Investment Management Inc. now owns 8,195 shares of the company’s stock worth $363,000 after purchasing an additional 6,785 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.