iShares North American Natural Resources ETF (BATS:IGE) Stock Price Pass Below 200 Day Moving Average – What’s Next?

Shares of iShares North American Natural Resources ETF (BATS:IGE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.85 and traded as low as $47.37. iShares North American Natural Resources ETF shares last traded at $57.7650, with a volume of 68,343 shares.

iShares North American Natural Resources ETF Price Performance

The firm’s 50-day moving average price is $51.75 and its 200-day moving average price is $48.85. The stock has a market cap of $788.49 million, a P/E ratio of 16.66 and a beta of 0.79.

Institutional Trading of iShares North American Natural Resources ETF

A number of institutional investors and hedge funds have recently modified their holdings of IGE. Westside Investment Management Inc. lifted its stake in iShares North American Natural Resources ETF by 481.2% in the 2nd quarter. Westside Investment Management Inc. now owns 8,195 shares of the company’s stock valued at $363,000 after buying an additional 6,785 shares in the last quarter. Family Firm Inc. lifted its position in shares of iShares North American Natural Resources ETF by 3.4% in the second 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 stake in shares of iShares North American Natural Resources ETF by 2.6% in the second 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 last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares North American Natural Resources ETF during the second quarter worth approximately $653,000. Finally, Leavell Investment Management Inc. increased its position in shares of iShares North American Natural Resources ETF by 8.1% during the third quarter. Leavell Investment Management Inc. now owns 15,966 shares of the company’s stock worth $783,000 after purchasing an additional 1,193 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.