iShares North American Natural Resources ETF (BATS:IGE) Shares Cross Above 50-Day Moving Average – Time to Sell?

iShares North American Natural Resources ETF (BATS:IGE) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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.

iShares North American Natural Resources ETF Price Performance

The firm’s 50-day moving average price is $53.86 and its 200 day moving average price is $50.01. The firm has a market capitalization of $823.64 million, a price-to-earnings ratio of 16.66 and a beta of 0.79.

Hedge Funds Weigh In On iShares North American Natural Resources ETF

A number of institutional investors have recently made changes to their positions in IGE. BNP Paribas Financial Markets boosted its stake in shares of iShares North American Natural Resources ETF by 101.0% during the fourth quarter. BNP Paribas Financial Markets now owns 100,500 shares of the company’s stock valued at $5,045,000 after acquiring an additional 50,500 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 valued at $28,000 after purchasing an additional 535 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of iShares North American Natural Resources ETF by 2.4% during the 4th quarter. Westside Investment Management Inc. now owns 8,495 shares of the company’s stock worth $428,000 after purchasing an additional 200 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of iShares North American Natural Resources ETF during the third quarter worth about $1,144,000. Finally, NewEdge Advisors LLC raised 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 buying an additional 4,288 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). The Index has been developed as an equity benchmark for the United States-traded natural resource related stocks.