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

iShares North American Natural Resources ETF (BATS:IGE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $58.54 and traded as low as $55.63. iShares North American Natural Resources ETF shares last traded at $55.72, with a volume of 469,593 shares traded.

iShares North American Natural Resources ETF Price Performance

The firm has a market capitalization of $771.36 million, a price-to-earnings ratio of 16.66 and a beta of 0.79. The firm has a 50 day moving average price of $59.98 and a 200-day moving average price of $58.58.

Institutional Investors Weigh In On iShares North American Natural Resources ETF

Hedge funds have recently bought and sold shares of the stock. Arkadios Wealth Advisors acquired a new position in shares of iShares North American Natural Resources ETF during the first quarter worth about $1,910,000. Sunbelt Securities Inc. raised its holdings in iShares North American Natural Resources ETF by 47.8% in the first quarter. Sunbelt Securities Inc. now owns 19,260 shares of the company’s stock valued at $1,212,000 after acquiring an additional 6,225 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings 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 valued at $583,000 after acquiring an additional 171 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in iShares North American Natural Resources ETF in the fourth quarter worth approximately $53,000. Finally, NewEdge Advisors LLC lifted its stake in iShares North American Natural Resources ETF by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 4,823 shares of the company’s stock worth $242,000 after acquiring an additional 216 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.